The High Court has today appointed liquidators to the companies which operate the EuroGiant chain across Ireland.
The discount retailer has 77 stores across the country including in Cavan and Monaghan, employing around 640 staff on a national scale.
These jobs are now under threat. EuroGeneral Limited and Bushgrove Limited 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 are all factors that is contributing to this development.
EuroGiant stores will remain open and continue trading as normal while a full review of the store network is being carried out.
