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Nine News: Adrian Lydon reports that the rental company is in examinership, and the retailer is closing UK branches
The company employs more than 250 people and has 42 stores nationwide.
Chartbusters has debts of €20m.
The company is owned by Xtra-vision founder Richard Murphy, property developer John Walsh and builder John McCabe.
In a statement, Chartbusters said all its branches would remain open as usual during the examinership process and that a number of potential investors had already approached the company.
