The European arm of Japanese clothing and homeware retailer Muji is set to appoint administrators.
The spokesman for the business, which has a store in Dublin, said the move forms part of a “planned strategic restructuring of the business”, and that it expects to shortly reach a deal.
It stressed the process will have no immediate impact on shops, staff and the general running of the chain.
“For Muji’s colleagues and customers in Europe it is business as usual. All stores and e-commerce will continue to operate as before, and all new and outstanding orders will be fulfilled,” the firm said.
Muji was launched in Japan in 1980 and sells a range including clothes, stationery, homeware, beauty products and cupboard essentials
It is known for its focus on Japanese-inspired simple and functional goods and also has stores across Britain, mainland Europe and the Nordics.