GameStop Canada acquired by a Quebec toy manufacturer and renamed EB Games

GameStop Canada announces his acquisition by entrepreneur Stephan Tétrault from the hands of the parent company in difficulty of the video game retailer.

Officially named Electronics Boutique Canada Inc., Gamestop Canada announces the recovery of its 185 stores under the name of EB Games Canada, a name associated with video games for decades.

Mr. Tétrault is the founder of the manufacturer of Imports Dragon toys, established in the Montreal region, and co -owner of the American manufacturer of McFarlane Toys figurines. Last month, he became a partner of the Canadian channel Mastermind Toys.

The American company GameStop Corp. In February announced its intention to sell its Canadian and French activities, as part of the evaluation of its international assets and the implementation of its cost reduction measures.

GameStop was one of the companies at the heart of the enthusiasm for “meme actions” in Wall Street, which saw the share of brands in difficulty fly away, private investors taking risks.

Last year, its sales decreased by 27 % to 3.82 billion dollars, but its net profit jumped $ 131.3 million, compared to $ 6.7 million in 2023.

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