Game to appoint administrators

Retailer Game conceded defeat in its survival battle yesterday after failing to raise new funding, jeopardising 125 jobs in Ireland.

The group, which was reportedly battling to raise €216m this week, said it intended to appoint administrators in the coming days as rescue talks have not made sufficient progress.

Game operates 13 stores in Ireland and 600 stores in Britain. In the short term it will continue to trade as discussions with its banks and other potential funders continue.