Dublin, February 4, 2026, 17:54 GMT
- Irish media reported that EuroGiant has gone into court-appointed liquidation.
- About 640 positions could be cut as the chain runs 77 stores across the country.
- Stores will remain open while a review takes place, which could result in either sales or closures.
Irish discount retailer EuroGiant has gone into court-appointed liquidation, endangering around 640 jobs, RTÉ reported Wednesday. A company spokesperson confirmed the business had “today entered court-appointed liquidation” after more than three decades in operation. https://www.rte.ie/news/business/2026/0204…
The chain has 664 employees spread over 77 stores and will continue operations as liquidators assess the business, The Currency reported. This process might result in some stores being sold off or shut down, depending on their financial health, it added.
Liquidation is an insolvency process in which a liquidator is appointed to take control of a company, safeguarding assets and settling debts with creditors. Occasionally, this involves selling parts of the business as a going concern instead of shutting down everything immediately.
For workers, landlords, and suppliers, the immediate concern boils down to one thing: how many shops can break even each week. The answer depends on a tangle of factors — cashflow, rent agreements, and if stock can be secured on credit.
Mark Degnan and Brendan O’Reilly from Interpath Advisory have been brought in to manage the process, according to reports. The Currency noted the company has faced ongoing strain, with rent reviews driving up its expenses.
Charlie O’Loughlin founded EuroGiant in 1990, launching its first store on Moore Street in central Dublin, The Currency reported.
The High Court appointment affects the firms running the EuroGiant chain, the Irish Independent reported. According to the paper, Judge Brian Cregan named Degnan and O’Reilly as provisional liquidators following a petition.
Stores were open on Wednesday, reports show, with no shutdowns announced immediately. Usually, a provisional liquidator steps in swiftly to secure assets before any winding-up moves forward.
Liquidation results can shift rapidly if trade creditors stiffen payment terms or crucial leases go south. Without agreements from landlords and other creditors, liquidators might be forced to shut down struggling stores and slash jobs.
The reports didn’t specify when the review would happen or if a buyer might snap up the entire chain or just pieces of it. For now, staff are keeping an eye on early clues — which stores get new stock, which go quiet, and which end up listed for sale.
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