GameStop Canada says it has been acquired by French-Canadian entrepreneur Stephan Tetrault from the video game retailer’s struggling parent company.

TORONTO — GameStop Canada says it has been acquired by French-Canadian entrepreneur Stephan Tetrault from the video game retailer’s struggling parent company.

Officially named Electronics Boutique Canada Inc., GameStop Canada says it will relaunch its 185 stores as EB Games Canada — a name associated with retail gaming from bygone decades.

Tetrault is the founder of Montreal-area-based toy manufacturer Imports Dragon and co-owner of American action figure-maker McFarlane Toys, and last month became a partner at Canadian chain Mastermind Toys.

U.S.-based GameStop Corp. said in February it was looking to sell its Canadian and French operations as it evaluates its international assets and doubles down on cost-cutting.

GameStop was one of the companies at the centre of the “meme stock” craze on Wall Street, which saw struggling brands’ share prices soar as retail investors made risky bets.

Its sales last year declined 27 per cent to $3.82 billion, though net income shot up to $131.3 million versus $6.7 million in 2023.

  • Daryl
    12·
    2 days ago

    Something is amiss. The original CTV headline is “Canadian game company to be rebranded after sale to Quebec toy maker” but the headline on this article is “GameStop Canada bought by Quebec toy maker, to be rebranded EB Games”, a violation of the community rule 1 "Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.’

    • TotallyHuman
      5·
      2 days ago

      Headlines often change after publication. Everyone’s A/B testing these days.

    • NotSteve_OP
      2·
      2 days ago

      Hey Daryl, I copied the headline directly from CTV. They must have changed it

      I can update it though if you want

      • Daryl
        1·
        2 days ago

        I don’t want but rule number 1 wants.

        Or rule number 1 gets changed."

        My post was removed because it violated rule number 1.