{"id":163024,"date":"2020-02-07T19:30:38","date_gmt":"2020-02-07T19:30:38","guid":{"rendered":"https:\/\/www.theindustry.fashion\/beales-to-close-more-than-half-of-its-23-stores\/"},"modified":"2021-08-12T14:06:50","modified_gmt":"2021-08-12T14:06:50","slug":"beales-to-close-more-than-half-of-its-23-stores","status":"publish","type":"post","link":"https:\/\/www.theindustry.fashion\/beales-to-close-more-than-half-of-its-23-stores\/","title":{"rendered":"Beales to close more than half of its 23 stores"},"content":{"rendered":"

Beales, the stricken department store chain, is to close 12 of its 23 outlets including its flagship store<\/strong> in its home town of Bournemouth.<\/p>\n

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The business was placed into administration last month<\/a> after a search for a buyer failed and today administrator KPMG said the business would cease trading in Bournemouth, where it was founded in 1881, and 11 other locations.<\/strong><\/p>\n

KPMG said it was still in active discussions with potential buyers but non had come forward to buy the entire chain. The closures will affect around 500 of the group's 1,200 staff.<\/strong><\/p>\n

In a statement KPMG said: \u201dThe joint administrators of the Beales department store chain have confirmed that they remain in active discussions with interested parties<\/strong> regarding a going concern sale of a number of stores.<\/p>\n

\u201cUnfortunately, however, no offers have been received in respect of selling all 23 stores as a going concern. As a result, the joint administrators are now in the process of developing plans with store directors and management teams to implement the closure of 12 stores.\u201d<\/p>\n

The full list of planned closures are:<\/p>\n