Expansion leaves retailer Euro General in the red

Expansion costs and a €1.25m write-off in a subsidiary resulted in discount retailer Euro General going into the red last year.

Euro General Retail Ltd operates a network of more than 80 Eurogiant retail stores around the country.

The accounts show that the investment made in the business in its fiscal 2015 year, with the opening of eight new stores, contributed to a €1m pre-tax loss.