122
UK Retailer GAME To End All In-Store Video Game Sales
(www.gfinityesports.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 24 Jun 2024
122 points (97.7% liked)
Games
30489 readers
1402 users here now
Welcome to the largest gaming community on Lemmy! Discussion for all kinds of games. Video games, tabletop games, card games etc.
Weekly Threads:
Rules:
-
Submissions have to be related to games
-
No bigotry or harassment, be civil
-
No excessive self-promotion
-
Stay on-topic; no memes, funny videos, giveaways, reposts, or low-effort posts
-
Mark Spoilers and NSFW
-
No linking to piracy
More information about the community rules can be found here.
founded 1 year ago
MODERATORS
Not that they were a great company to begin with, but nice one Mike Ashley, killed off another brand basically
Mike Ashley didn't actually want a game shop, he wanted people spending £70 on each football/COD release, then buying that season's team strip on the way out of the shop.
Ashley wants two main things out of his purchases, the brand name to slap on a web store with any head start it can give into running a business in that sector, and the retail space. Any decent retail space he wants to flip into residential property while stripping any fixtures and fittings of any value, anything else will be gone or rebooted into the lowest common denominator for that area.
Does he also do that thing where people buy out a company using debt loaded onto the company they're buying?
Pretty sure he pays cash or close to it rather than a traditional leveraged buy out. He normally only buys struggling or collapsed brands he can get cheap like Wiggle.