Fears for the future of retailer Game intensified today after its shares were suspended and it admitted the business has no value.
The company, which operates 1,300 stores worldwide and employs 10,000 staff, was reported to be trying to raise £180 million this week or face administration after several suppliers refused to provide it with new products.
It today said discussions were ongoing with a potential third party funder but it was unable to assess its financial position and was "of the opinion that there is no equity value left in the group".
Its shares were suspended on the London Stock Exchange "pending clarification of the company's financial position".
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Posted: 21/03/2012 08:15 Updated: 21/03/2012 08:29