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GAME interested in buying up to 45 HMV stores?

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GAME has approached HMV's administrators about the possible acquisition of selected HMV stores.

The move comes less than a year after GAME itself filed for administration, only to be saved by retail group OpCapita.

GAME store on Oxford Street, London

© Rex Features

An HMV store in north London

© PA Images / Yui Mok/PA Wire



Game Retail CEO Martyn Gibbs confirmed to The Financial Times that the company had approached Deloitte, who were appointed as administrators for the HMV group earlier this week.

However, he refused to confirm the number of stores that GAME had made enquiries about, instead saying: "We will constantly review our property portfolio based on what is available.

"I would not rule out any stores that are becoming available, be that through an administration or normal property deals."

It is believed that GAME is targeting between 40-45 locations in towns where it currently does not have a presence.

Wii U's HMV Oxford Street launch in London

© Nintendo



The enquiry from Game Retail is said to be one of 50 expressions of interest in HMV's assets, with stiff competition from HMV Canada owner Hilco and private equity group Endless.

Reports this week claimed that HMV was responsible for 4% of UK video game retail revenue.

The appointment of administrators to GAME in March 2012 led to the closure of 277 stores and the axing of 40% of its staff.

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