AU's Gameswizards sold
UK games retailer GAME purchases Australia's Gameswizards; no details available yet on future branding.
SYDNEY, Australia--UK retailer The Game Group has purchased Australia's Gameswizards chain for AU$3.8 million, according to a Gameswizards officer.
Gameswizards has 14 company-owned stores and eight franchise stores throughout Sydney, Canberra, Newcastle, the NSW Central Coast, and country Victoria. The company was established in 1990.
The Game Group, which runs stores under the GAME brand, is one of Europe's biggest game retailers, with more than 700 stores and franchises in the UK, France, Spain, Sweden, and Denmark.
Gameswizards CEO Robert Lukic told GameSpot AU that he was excited about the sale. "We're excited about having GAME on board and look forward to having an aggressive rollout of stores in the future," he said.
Lukic said there was no information yet on whether Gameswizards would adopt the GAME brand in Australia or when and where new store openings were being planned.
"Details are still to be worked out on those issues. I would expect in the next month that the strategic direction of the company will be formalised," Lukic said.
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