Game Mania gets suspension of payments and seeks buyer, remains open for now

The Belgian game store chain Game Mania has been granted a deferment of payment. The parent company Heroik is looking for a buyer for the chain and says it will remain open for the time being. Game Mania has 21 stores in the Netherlands and 14 in Belgium. A total of 165 people work at the company.

Source: Game Mania

The Gazet van Antwerpen, among others, writes that Game Mania has been granted a postponement of payment of a corporate court in Antwerp. The store chain is protected from creditors for the time being and a buyer is currently being sought. The company attributes this development to 'digitalization of the video games industry and the highly competitive retail landscape'. For the time being, the stores remain open and the online store available.

Game Mania was founded in 1992 and focuses on the sale of video games and board games. At its peak, the chain had almost 90 stores in Belgium and the Netherlands, but had to close several branches in recent years. The company increasingly focused on the online store.