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New consoles boost Christmas sales at retailer Game

15
Jan
2014

Game, a video games retailer bought out of administration by private equity investors last year, reported a significant rise in Christmas sales helped by new console launches ahead of a possible return to the stock market. A source familiar with the situation told Reuters that Game was close to appointing advisors for an initial public offering expected to take place later this year, with HSBC, Canaccord Genuity and Liberum Securities likely to co-ordinate the float. The video games retailer reported a 83 percent rise in total sales in the six weeks to Jan 4, with a 213 percent in online sales. Like-for-like store sales, which strip out the closure of shops, rose 90 percent it said.

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