Game Owner Eyes Tranche Of HMV Stores

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Game, the retailer bought out of administration by investment firm OpCapita, is interested in acquiring up to 45 HMV stores, the Financial Times reported. Martyn Gibbs, chief executive of Game, said the chain’s management had approached Deloitte, administrator to HMV, for more information, but would not confirm the number of stores in which the video game retailer could be interested. But people familiar with the situation said there were 40-45 UK locations where HMV was present, but Game was not. “We will constantly review our property portfolio based on what is available,” said Mr Gibbs. “I would not rule out any stores becoming available, be that through an administration or normal property deals.” He said Game’s sales over the Christmas trading period were “ahead of our expectations”, and was confident it could deliver the target of £20m of earnings before interest, tax, depreciation and amortisation by its year-end in July. HMV collapsed into administration on Monday. Read more. (Subscription required.)