Game Group strikes deal with suppliers on bank borrowing

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Game Group strikes deal with suppliers on bank borrowing

Struggling games retailer given temporary reprieve and cut in lending as banks continue to exert influence, say analystsVideo game suppliers have come to the rescue of struggling retailer Game Group, striking a backroom deal to allow the firm to secure revised terms with its lending banks. However, the banks are still exerting considerable influence over the business – continuing to press, in particular, for a sale of Game’s overseas stores.