Grainger Games’ founder and managing director Stephen Bowyer has been reported from various news sites as sending a rushed and emotional note to stores over the Easter weekend ahead of administrators taking control of the business today.
Image below obtained by eurogamer
Over the weekend Grainger games sent employees an email advising that thw company was unable to secure a sale of the business, and that “unfortunately the business has now ceased to trade due to insolvency, with administrators from RSM Advisory LLP to be appointed on Tuesday 3rd April”.
A separate and very similar message was sent to stores. “As you are now aware, despite significant efforts we have been unable to secure a sale of the business as a growing concern,” it said. “The board are working closely with RSM Restructuring Advisory LLP to maximise the position for our creditors. It is likely the company will now be placed into administration early next week.”
Given Grainger Games hijinx in previous years and a reputation for being the wild child in gaming retail, I feel the loss is surely helping the lame dog known as Game stumble through another year before it’s taken round the back of the old wood shed alongside its masters shotgun..