PWC IS LINED UP as pre-pack administrators to struggling high street retailer GAME Group.
Accountancy Age understands that PwC partner Mike Jervis is lined up to take on the administration.
Earlier this week the game retailer, which employs about 10,000 people, suspended shares after saying there was no equity value left in the business.
The Telegraph reports that US retailer GameStop, funds OpCapita and Hilco could be lined up to buy the business out of administration.
A pre-pack administration entails the whole or part of a sale arranged prior to a business entering an insolvency process and sold immediately on appointment of administrators.
Head of Editorial Kevin Reed looks at the week's news, including the BHS and Austin Reed administration, Accountex and much more.
MPs launch probe into the sale of BHS that will look at role of auditors and accountancy firms in sale process
A short moratorium will give struggling companies a chance to be open with their creditors and negotiate a way out of their problems transparently, says Sykes
Out of a dozen sectors profiled only oil and gas and manufacturing were deemed to have a higher than normal risk of insolvency