EuroGiant stores will contiue to trade “as normal” while a review of the company’s store network takes place, after the company entered court-appointed liquidation this week.
On Wednesday, EuroGeneral Ltd and Bushgrove Ltd, which trade as EuroGiant, entered into liquidation. Mark Degnan and Brendan O’Reilly of Interpath were appointed by High Court Judge Brian Cregan appointed as provisional liquidators to both companies. The case returns before the court next month.
EuroGiant has traded for over 30 years and was established as a single store in Dublin by founder Charles O’Loughlin. It has grown to operate 77 company-owned stores nationwide, employing over 550 staff. The organisation has stores in Cork, Dublin, Kerry, Galway, Waterford, Limerick, Tipperary, Clare, Carlow, Cavan, Donegal, Kildare, Kilkenny, Laois, Longford, Louth, Mayo, Meath, Monaghan, Offaly, Roscommon, Sligo, Westmeath, Wexford, and Wicklow.
“After more than 30 years of trading, the company has today entered court-appointed liquidation. Rising costs, including 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,” a spokesperson for the company said.
“All stores will remain open and continue trading as normal while a full review of the store network is carried out. Our thoughts are with the 640 staff affected, and we want to sincerely thank them for their hard work and commitment over many years.”
