THE receiver appointed to HMV Ireland has been unable to find a buyer for the Irish outlets.
The 300 staff who had previously been placed on temporary lay-off will be made redundant while the 16 HMV stores in Ireland that closed after the company went into receivership will not reopen.
"The marketplace is very difficult given competition from web-based retailers and digital downloads, compounded by other factors including high levels of rent," the statement added.
"All stores were loss making and it was not possible to attract a purchaser."
Around 66 stores in the UK arm of HMV are due to close in the next two months as administrator Deloitte continues to look for a buyer.