The GAME Group board have issued a closing statement, moments after the announced came from PwC that the group had entered administration, explaining the decision and thanking employees around the world for their "exemplary dedication, passion, and professionalism".
"Further to our announcements of March 21st, the Board of GAME has completed its discussions with lenders and third parties without resolution, and has therefore today appointed PWC LLP to act as administrators for the Group,” reads the statement.
“This decision is taken after careful consideration and ceaseless interrogation of every possible alternative. The Board would like to thank the teams of GAME and Gamestation colleagues around the world for their exemplary dedication, passion and professionalism.”
Our best wishes go out to those employees during this time.