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640 jobs under threat as EuroGiant enters liquidation
EuroGiant cites rising rent and operating costs along with retail competition as reasons for liquidation, risking 640 jobs across its 77 stores, court-appointed liquidators said.
- On Wednesday, Judge Brian Cregan appointed Mark Degnan and Brendan O'Reilly of Interpath as provisional liquidators to EuroGiant after a petition presented by Stephen Brady.
- EuroGeneral Limited and Bushgrove Limited blamed rising rent, day-to-day operating expenses, and competition after combined losses of £6.5 million last year and a £2.5 million shareholder advance in 2025.
- Charlie O'Loughlin said `I founded this business over 30 years ago and I never imagined it would end like this`, noting the chain operates 77 stores employing around 640 staff.
- Stores will remain open and continue trading while liquidators conduct a full review, and the case returns before the court next month.
- Brexit-Related duties of between 5 and 7 per cent and recent credit difficulties from UK suppliers caused stock shortages while shipping rates peaked at $20,000 per container amid Asia supply chain disruptions.
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Total News Sources11
Leaning Left4Leaning Right0Center3Last UpdatedBias Distribution57% Left
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- 57% of the sources lean Left
57% Left
L 57%
C 43%
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