Game may cut overseas stores

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Retailer Game Group is reviewing its overseas operations as part of discussions with its lenders to revise its banking facilities.

The UK-based group, which has about 1,300 stores of which some 700 are overseas, warned last month that poor Christmas trading meant it was in danger of breaching the terms of its banking covenants.

In a brief stock exchange statement yesterday, it told investors: “Game Group confirms that it is in ongoing dialogue with its lending syndicate to reach agreement on revised terms for its facilities.”