{"id":162705,"date":"2019-12-17T10:32:26","date_gmt":"2019-12-17T10:32:26","guid":{"rendered":"https:\/\/www.theindustry.fashion\/beales-considers-sale-as-part-of-strategic-review\/"},"modified":"2021-08-12T14:05:54","modified_gmt":"2021-08-12T14:05:54","slug":"beales-considers-sale-as-part-of-strategic-review","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/beales-considers-sale-as-part-of-strategic-review\/","title":{"rendered":"Beales considers sale as part of strategic review"},"content":{"rendered":"

Department store Beales has confirmed it is putting itself up for sale<\/strong> as it looks at refinancing options amid tough high street conditions taking their toll on the 138-year-old chain.<\/p>\n

<\/p>\n

The Bournemouth-based group \u2013 one of Britain\u2019s oldest department store chains \u2013 said it had launched a formal sale process as part of a strategic and financial review<\/strong> being led by KPMG, though a sale remains one option under consideration.<\/p>\n

Beales said it \u201ccontinues to acclimatise to the ever-changing landscape<\/strong> and challenges of the retail market\u201d.<\/p>\n

The group is looking for investment to \u201cdeliver a sustainable business model for the future\u201d including cost-saving measures and a refocus on homewares, small domestic appliances, fashion accessories and shoes.<\/strong><\/p>\n

Beales, which was founded in 1881 by John Elmes Beale, employs around 1,300 staff<\/strong> and another 300 in concessions across its 22 stores.<\/p>\n

It was sold in a management buy-out<\/strong> to group chief executive Anthony Brown in October last year.<\/p>\n

While it is reportedly looking at a small number of store closures and moves to slash rents, the group said it also wants to look at buying sites<\/strong> to expand a format that has seen early successes in its new Fareham branch.<\/p>\n

Beales launched a strategy overhaul in early 2019 to revamp its ranges, which it said is showing \u201csignificant sales improvements\u201d.<\/p>\n

It is the latest department store chain to experience trading difficulties along with House of Fraser, which yesterday new owner Sports Direct said<\/a> was beginning to show signs of recovery, and Debenhams, which was acquired out of administration by a consortium of its investors earlier this year.<\/p>\n","protected":false},"excerpt":{"rendered":"

[…]<\/p>\n","protected":false},"author":68,"featured_media":136538,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[10585,6,10494],"tags":[5081,3514,7938,8780],"acf":[],"yoast_head":"\nBeales considers sale as part of strategic review - TheIndustry.fashion<\/title>\n<meta name=\"description\" content=\"Department store Beales has confirmed it is putting itself up for sale as it looks at refinancing options amid tough high street conditions taking their\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theindustry.fashion\/beales-considers-sale-as-part-of-strategic-review\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Beales considers sale as part of strategic review - TheIndustry.fashion\" \/>\n<meta property=\"og:description\" content=\"Department store Beales has confirmed it is putting itself up for sale as it looks at refinancing options amid tough high street conditions taking their\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.theindustry.fashion\/beales-considers-sale-as-part-of-strategic-review\/\" \/>\n<meta property=\"og:site_name\" content=\"TheIndustry.fashion\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/theindustryfashion\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-17T10:32:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-12T14:05:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2021\/07\/Beales-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"470\" \/>\n\t<meta property=\"og:image:height\" content=\"352\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"TheIndustry.fashion\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:site\" content=\"@theindustryfash\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"TheIndustry.fashion\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.theindustry.fashion\/beales-considers-sale-as-part-of-strategic-review\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.theindustry.fashion\/beales-considers-sale-as-part-of-strategic-review\/\"},\"author\":{\"name\":\"TheIndustry.fashion\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/person\/1e694ebd9d1ca2c1b0b08c13d8160c35\"},\"headline\":\"Beales considers sale as part of strategic review\",\"datePublished\":\"2019-12-17T10:32:26+00:00\",\"dateModified\":\"2021-08-12T14:05:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.theindustry.fashion\/beales-considers-sale-as-part-of-strategic-review\/\"},\"wordCount\":267,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"},\"keywords\":[\"Beales\",\"Debenhams\",\"Department stores\",\"House of Fraser\"],\"articleSection\":[\"Finance\",\"News & Insight\",\"Retail & Etail\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.theindustry.fashion\/beales-considers-sale-as-part-of-strategic-review\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.theindustry.fashion\/beales-considers-sale-as-part-of-strategic-review\/\",\"url\":\"https:\/\/www.theindustry.fashion\/beales-considers-sale-as-part-of-strategic-review\/\",\"name\":\"Beales considers sale as part of strategic review - TheIndustry.fashion\",\"isPartOf\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#website\"},\"datePublished\":\"2019-12-17T10:32:26+00:00\",\"dateModified\":\"2021-08-12T14:05:54+00:00\",\"description\":\"Department store Beales has confirmed it is putting itself up for sale as it looks at refinancing options amid tough high street conditions taking their\",\"breadcrumb\":{\"@id\":\"https:\/\/www.theindustry.fashion\/beales-considers-sale-as-part-of-strategic-review\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.theindustry.fashion\/beales-considers-sale-as-part-of-strategic-review\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.theindustry.fashion\/beales-considers-sale-as-part-of-strategic-review\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.theindustry.fashion\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Beales considers sale as part of strategic review\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.theindustry.fashion\/#website\",\"url\":\"https:\/\/www.theindustry.fashion\/\",\"name\":\"TheIndustry.fashion\",\"description\":\"Fashion news, insights, podcasts and events for professionals from across the fashion sector.\",\"publisher\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.theindustry.fashion\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.theindustry.fashion\/#organization\",\"name\":\"TheIndustry.fashion\",\"url\":\"https:\/\/www.theindustry.fashion\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png\",\"contentUrl\":\"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png\",\"width\":585,\"height\":217,\"caption\":\"TheIndustry.fashion\"},\"image\":{\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/theindustryfashion\/\",\"https:\/\/twitter.com\/theindustryfash\",\"https:\/\/www.instagram.com\/theindustryfashion\/\",\"https:\/\/www.linkedin.com\/company\/10970016\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/person\/1e694ebd9d1ca2c1b0b08c13d8160c35\",\"name\":\"TheIndustry.fashion\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.theindustry.fashion\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a4a921d975273dd89abbaa67292bf147?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a4a921d975273dd89abbaa67292bf147?s=96&d=mm&r=g\",\"caption\":\"TheIndustry.fashion\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Beales considers sale as part of strategic review - TheIndustry.fashion","description":"Department store Beales has confirmed it is putting itself up for sale as it looks at refinancing options amid tough high street conditions taking their","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.theindustry.fashion\/beales-considers-sale-as-part-of-strategic-review\/","og_locale":"en_GB","og_type":"article","og_title":"Beales considers sale as part of strategic review - TheIndustry.fashion","og_description":"Department store Beales has confirmed it is putting itself up for sale as it looks at refinancing options amid tough high street conditions taking their","og_url":"https:\/\/www.theindustry.fashion\/beales-considers-sale-as-part-of-strategic-review\/","og_site_name":"TheIndustry.fashion","article_publisher":"https:\/\/www.facebook.com\/theindustryfashion\/","article_published_time":"2019-12-17T10:32:26+00:00","article_modified_time":"2021-08-12T14:05:54+00:00","og_image":[{"width":470,"height":352,"url":"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2021\/07\/Beales-1.jpg","type":"image\/jpeg"}],"author":"TheIndustry.fashion","twitter_card":"summary_large_image","twitter_creator":"@theindustryfash","twitter_site":"@theindustryfash","twitter_misc":{"Written by":"TheIndustry.fashion","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.theindustry.fashion\/beales-considers-sale-as-part-of-strategic-review\/#article","isPartOf":{"@id":"https:\/\/www.theindustry.fashion\/beales-considers-sale-as-part-of-strategic-review\/"},"author":{"name":"TheIndustry.fashion","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/person\/1e694ebd9d1ca2c1b0b08c13d8160c35"},"headline":"Beales considers sale as part of strategic review","datePublished":"2019-12-17T10:32:26+00:00","dateModified":"2021-08-12T14:05:54+00:00","mainEntityOfPage":{"@id":"https:\/\/www.theindustry.fashion\/beales-considers-sale-as-part-of-strategic-review\/"},"wordCount":267,"commentCount":0,"publisher":{"@id":"https:\/\/www.theindustry.fashion\/#organization"},"keywords":["Beales","Debenhams","Department stores","House of Fraser"],"articleSection":["Finance","News & Insight","Retail & Etail"],"inLanguage":"en-GB","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.theindustry.fashion\/beales-considers-sale-as-part-of-strategic-review\/#respond"]}],"copyrightYear":"2019","copyrightHolder":{"@id":"https:\/\/www.theindustry.fashion\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.theindustry.fashion\/beales-considers-sale-as-part-of-strategic-review\/","url":"https:\/\/www.theindustry.fashion\/beales-considers-sale-as-part-of-strategic-review\/","name":"Beales considers sale as part of strategic review - TheIndustry.fashion","isPartOf":{"@id":"https:\/\/www.theindustry.fashion\/#website"},"datePublished":"2019-12-17T10:32:26+00:00","dateModified":"2021-08-12T14:05:54+00:00","description":"Department store Beales has confirmed it is putting itself up for sale as it looks at refinancing options amid tough high street conditions taking their","breadcrumb":{"@id":"https:\/\/www.theindustry.fashion\/beales-considers-sale-as-part-of-strategic-review\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.theindustry.fashion\/beales-considers-sale-as-part-of-strategic-review\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.theindustry.fashion\/beales-considers-sale-as-part-of-strategic-review\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.theindustry.fashion\/"},{"@type":"ListItem","position":2,"name":"Beales considers sale as part of strategic review"}]},{"@type":"WebSite","@id":"https:\/\/www.theindustry.fashion\/#website","url":"https:\/\/www.theindustry.fashion\/","name":"TheIndustry.fashion","description":"Fashion news, insights, podcasts and events for professionals from across the fashion sector.","publisher":{"@id":"https:\/\/www.theindustry.fashion\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.theindustry.fashion\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.theindustry.fashion\/#organization","name":"TheIndustry.fashion","url":"https:\/\/www.theindustry.fashion\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/","url":"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png","contentUrl":"https:\/\/www.theindustry.fashion\/wp-content\/uploads\/2022\/06\/LOGO.png","width":585,"height":217,"caption":"TheIndustry.fashion"},"image":{"@id":"https:\/\/www.theindustry.fashion\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/theindustryfashion\/","https:\/\/twitter.com\/theindustryfash","https:\/\/www.instagram.com\/theindustryfashion\/","https:\/\/www.linkedin.com\/company\/10970016\/"]},{"@type":"Person","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/person\/1e694ebd9d1ca2c1b0b08c13d8160c35","name":"TheIndustry.fashion","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.theindustry.fashion\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a4a921d975273dd89abbaa67292bf147?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a4a921d975273dd89abbaa67292bf147?s=96&d=mm&r=g","caption":"TheIndustry.fashion"}}]}},"_links":{"self":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/posts\/162705"}],"collection":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/users\/68"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/comments?post=162705"}],"version-history":[{"count":0,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/posts\/162705\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/media\/136538"}],"wp:attachment":[{"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/media?parent=162705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/categories?post=162705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theindustry.fashion\/wp-json\/wp\/v2\/tags?post=162705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}