GAME Officially Goes Into Liquidation

GAME Officially Goes Into Liquidation

After the news that GAME was closing all remaining stores, going into liquidation was almost an inevitability, but PwC, GAME’s administrators have just confirmed that the creditors have voted, and the company will officially be going into liquidation. Kate Warwick and Greg Hall of PwC have been appointed as liquidators.

“Fifteen GAME stores continue to operate. These stores have commenced a final clearance sale whilst we continue to progress interest in the remaining parts of the business,” Liquidator and PwC Partner Kate Warwick said.

At the moment it seems as though PwC’s priority is maximising returns to the creditors through any assets GAME has left.

As a result of the liquidation former employees of GAME are eligible for the Federal Government’s General Employee Entitlements and Redundancy Scheme (GEERS). According to a statement sent out by PwC today the administrators have been working closely with GEERS to assist this process.

Comments

Show more comments

Log in to comment on this story!