Game’s landmark store on Oxford Street could be closed and forced to stop trading, after a landmark ruling against Game Group’s administrator PricewaterhouseCoopers (PwC).
According to the Sunday Telegraph, the retailer was due to pay three month’s advance rent of more than £100,000 to landlord Lazari GP the day before it collapsed into administration.
But PwC has refused to pay on the grounds it did not take responsibility for the store until the day after the rent was due.
Following a court order, Lazari has won the right to order Game out of the property at any point while the matter is settled. Lazari wants to admit a new tenant to the premises.
The order enables Lazari to send bailiffs in to drill out the locks and force Game to stop trading.
Game hit the buffers on March 26, following a breakdown in stock when games suppliers refused to fill the shelves at the retailer’s 609 stores because of its critical financial position.
Private investment firm OpCapita bought the business and 333 stores out of administration a week later.
Law firm Linklaters acts for PwC. It said PwC “no longer has an economic interest” in the matter which is “largely between OpCapita and Lazari”.