The High Court has appointed liquidators to the companies which operate the EuroGiant chain.
The discount retailer has 77 stores across the country, employing around 640 staff, which are now under threat.
EuroGeneral Limited and Bushgrove Limited, which trade as EuroGiant, have blamed “rising costs” for the decision.
A spokesperson for EuroGiant said after more than 30 years of trading, “the company has today entered court-appointed liquidation”.
“Rent and day-to-day operating expenses, along with increased competition in the retail sector, mean the business is no longer viable in its current form,” the spokesperson added.
EuroGiant stores will “remain open and continue trading as normal” while a full review of…