Home Breaking Beales collapses into administration

Beales collapses into administration

by LLB Reporter
20th Jan 20 12:07 pm

Department store Beales has collapsed into administration after failing to secure a sale placing more than 1,000 jobs at risk.

Beales is one of the UKs oldest department stores which began trading in 1881 in Bournemouth.

Beales reported a £3.1m loss in the year to March 2019 up from the £1.3m the previous year as costs soared and sales slumped.

KPMG has been appointed as administrators by Beales.

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