Tag : Beales
Beales creditors owed £17.6m Subscription
Beales’ unsecured creditors, including suppliers, employees and landlords are owed around £17.6m, a report from administrator KPMG has shown.
Coronavirus accelerates Beales stores closuresSubscription
Beales will close all of its remaining stores tomorrow (19 March), two weeks ahead of its administrators’ original schedule as coronavirus impacts trade.
Beales to close 12 storesSubscription
Beales has announced 12 store closures following the department store’s collapse into administration earlier this month.
Beales head office roles slashedSubscription
Beales has announced 32 redundancies, mostly across its head office, following the department store’s collapse into administration earlier this month.
Over the 139 years since its first branch opened in Bournemouth, Beales has weathered two world wars, several recessions and going from private to public ownership and back again.
Insiders fear for Beales’ futureSubscription
Administrators are unlikely to find a buyer to rescue Beales department store following its collapse into administration this week, industry sources have indicated.
Beales website taken downSubscription
Department store Beales’ website has gone down as the chain is poised to enter administration.
£1m business rates overpayment for BealesSubscription
Department store Beales, currently at risk of administration, is estimated to have overpaid £1.06m in business rate since 2017.
Failure to adapt leaves Beales on the brinkSubscription
Department store Beales’s secondary store locations and failure to adapt to the rapidly changing environment have led it to the brink of administration, analysts have told Drapers.
Beales on brink of collapseSubscription
Department store Beales has warned it could collapse into administration if it fails to find a buyer.