Flanagan’s Furniture will cease trading at 6pm and a receiver has been appointed to the store.
Queues of people were calling to the company’s Buncrana outlet all day as news of the closure spread.
The store’s car park was closed put people could still enter the store where discounts on much of the furniture were being offered.
Flanagans, which is 65 years old, was one of the most well-known and respected businesses across the country and was operated by owner Brian Flanagan.
A spokesman for the store told Donegaldaily.com that as of 6pm today all the company’s assets would be frozen.
Anybody with vouchers for the store have been advised to contact the store next week where the phones will still be manned.
The employee added “This is a bit of a disaster. Brian has been working so hard to keep the store open but in the end he couldn’t.
“People have been coming here all day saying they were sorry to Brian and the rest of the staff.
“Many people have been up really good relationships with the store over the years and now it ends like this.
“It couldn’t come at a worse time for the 50 or so staff just before Christmas,” she added.
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