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Tag: beales

Beales to close 12 of its 23 department stores | Business

High street closures in 2019 Thousands of high street jobs have been lost in the last 12 months as a result of high profile retail administrations, and thousands more are at risk as Mothercare, Debenhams and Forever 21 prepare for closures. Here are some of the key industry names that have been affected. Mothercare: Has …

Beales to close 12 of its 23 department stores | BusinessRead More

‘Beales is part of our history’: shoppers on landmark store’s woes | Business

Edna Southworth and Lis Gray were clutching half-price bedclothes and duvets as they left the Beales department store in Bournemouth. But their mood was melancholy rather than triumphant. “I’ve been shopping here for 50 years,” said Gray. “It’s always been the store to come to. It will be such a shame if it vanished from …

‘Beales is part of our history’: shoppers on landmark store’s woes | BusinessRead More

Beales goes into administration with 22 stores and 1,300 jobs at risk | Business

The department store chain Beales has gone into administration, threatening 1,300 jobs in the latest blow to the UK high street. Accountancy firm KPMG was appointed on Monday as administrator to the 23-shop chain, having initially been engaged by the retailer last month to explore possible sale and refinancing opportunities. KPMG said: “Despite interest from …

Beales goes into administration with 22 stores and 1,300 jobs at risk | BusinessRead More

Beales department store chain close to collapse | Business

The department store chain Beales is on the brink of collapse and must find a buyer within days, with about 1,000 jobs at risk if the historic retailer does not complete a rescue deal. Beales, which began trading in Bournemouth in 1881, has filed notice of its intention to appoint administrators, as the retailer considers …

Beales department store chain close to collapse | BusinessRead More

Retailer Beales puts itself on the market in ‘challenging times’ | Business

Beales, the department store chain, has put itself on the market after warning it faced “exceptionally challenging times”. The loss-making retailer said it had appointed the advisory firm KPMG to help assess “strategic and financing options” including a sale of the whole company or its subsidiaries in a bid to fund its moves towards a …

Retailer Beales puts itself on the market in ‘challenging times’ | BusinessRead More