About 25 jobs at Peats World of Electronics are to be saved after it emerged that two of its 11 stores are to reopen.
Peat's reopened its Rathmines store today and will open its flagship store on Parnell Street on Saturday 28 April.
Earlier this month, the company announced its intention to appoint a liquidator through a proposed voluntary creditors' liquidation.
This resulted in its 11 shops closing with the loss of 78 jobs.
However, it said that "alternative solutions have emerged" after a reassessment of stock, debts and liabilities.
It also praised the goodwill of suppliers and customers in enabling it to reopen two stores.
A liquidation meeting scheduled for tomorrow has been adjourned.
Peats Chairman Ben Peat said: “I can only describe as phenomenal the reaction that we received after we made the closure announcement.
"In particular, the flexibility of our staff, our suppliers and other creditors has allowed us to re-evaluate and re-design our business model to establish a lower cost model for future operations."
