Game plunges into administration

City A.M. Reporter
Struggling video games retailer Game said on Monday it has entered administration, becoming the latest household name to fall by the wayside in the consumer downturn.

The firm, which employs 10,000 staff in 1,270 stores in nine European countries and Australia, said it has appointed PwC as its administrator after failing to find a buyer for the business.

"This decision is taken after careful consideration and ceaseless interrogation of every possible alternative," Game said.