JJB Sports is closing its Irish stores and gyms with the loss of 100 jobs.
A liquidator appointed to the firm has announced no one came forward to take over the troubled business in the last month.
Kieran Wallace, of KPMG, had been actively looking for a purchaser since his appointment on October 1.
"Regretfully, none has emerged from this process, which has resulted in its closure this evening," KPMG said on Wednesday.
Some 2,200 UK staff at JJB Sports were made redundant at the beginning of the month when the administrator closed 133 stores and sold the remaining 20 to rival Sports Direct International.
The Irish business division comprised of four retail stores and two leisure centres based in Dundalk, Limerick, Blanchardstown and Liffey Valley.
All 101 employees, most who work part-time, were told the bleak news earlier on Wednesday while gym members will be informed membership cannot be fulfilled.
Any monies due to members will become a creditor claim in the liquidation and all claims must be submitted by November 30.
The outcome for creditors is unknown at this time, KPMG added.