122

UK Retailer GAME To End All In-Store Video Game Sales (www.gfinityesports.com)

submitted 5 months ago by simple@lemm.ee to c/games@lemmy.world

30 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[-] GreatAlbatross@feddit.uk 13 points 5 months ago

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.

[-] tankplanker@lemmy.world 7 points 5 months ago* (last edited 5 months ago)

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.

[-] GreatAlbatross@feddit.uk 2 points 5 months ago

Does he also do that thing where people buy out a company using debt loaded onto the company they're buying?

[-] tankplanker@lemmy.world 2 points 5 months ago

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.