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.
The director of a company set up to market a fuel-saving device has been disqualified for failing to maintain and preserve proper records
Cowgill Holloway Business Recovery has concluded the sale of assets of film distributor Metrodome to independent movie distributor 101 Films following appointment as administrators
PwC must face $1bn lawsuit over claims it provided bad accounting advice which contributed to the 2011 collapse of MF Global
HMRC filed 3,484 winding up petitions in 2015, up from the 3,074 applications filed the previous year