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Hungarian fashion retailer shutters business in Czech Republic

Hungarian fashion retailer Jeans Club has shut down its stores in the Czech Republic, the Prague business daily E15 reported on Thursday.

The paper said Jeans Club, which sells inexpensive men's and women's clothing, closed its last store in Prague this week after its other shops in the country went out of business a week earlier, noting that Jeans Club's Czech website shut down as well.

Quoting Textil Journal, the newspaper said that the company has been struggling for a while, not only in the Czech Republic, but in Hungary, Romania and Poland as well.

The Hungarian company entered the European market in 1994, the Czech paper said, and once employed more than 1,500 people.