GAME Australia goes into liquidation

PricewaterhouseCoopers has confirmed that the GAME Australia retail chain has been put into liquidation. The decision followed a creditors' meeting held yesterday.

"Fifteen GAME stores continue to operate. These stores have commenced a final clearance sale whilst we continue to progress interest in the remaining parts of the business," said administrator Kate Warwick, who will work with Greg Hall on the liquidation.

The news isn't unexpected. On Tuesday PwC announced it was closing all of the chains 31 stores, with 16 shutting with immediate effect.