Cheerio to GAMESTATION
The videogames retailer GAME is expanding its empire with today's acquisition of Gamestation for £74million.
"We are delighted to bring Gamestation into our portfolio and believe it has a strong future within the group," said GAME chairman Peter Lewis.
"The Gamestation business is one we have long admired and is complementary to our existing business in terms of both store portfolio and target customers." "By investing in both brands we will further enhance the group's retail strategy while continuing to deliver and broaden our consumer reach. I am confident that this transaction will add considerable value to GAME and its shareholders over the coming years," added Lewis.
GAME'S recent tax year results revealed that the retailer had achieved record profits of 29.5million up by more than 5 million on the previous year.
