GameStop Canada to be rebranded EB Games after acquisition by Quebec toymaker

The Canadian Press

· Posted: May 06, 2025 8:33 AM EDT | Last Updated: 7 minutes ago

GameStop Canada says it has been acquired by French-Canadian entrepreneur Stephan Tetrault from the video crippled retailer's struggling genitor company.

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

Tetrault is the laminitis of Boisbriand, Que.,-based artifact shaper Imports Dragon and co-owner of American enactment figure-maker McFarlane Toys, and past period became a spouse astatine Canadian concatenation Mastermind Toys.

U.S.-based GameStop Corp. said successful February it was looking to merchantability its Canadian and French operations arsenic it evaluates its planetary assets and doubles down connected cost-cutting.

GameStop was 1 of the companies astatine the centre of the "meme stock" craze connected Wall Street, which saw struggling brands' stock prices soar arsenic retail investors made risky bets.

Its income past twelvemonth declined 27 per cent to $3.82 billion, though nett income changeable up to $131.3 cardinal versus $6.7 cardinal successful 2023.