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29/12/2020

is beales closing down

Beales Department Stores in St Neots These are all the Beales stores that could be closing: - Beccles - Bedford - Bournemouth - Chipping Norton - Diss A CLOSING down sale has been announced on the Beales website. This includes Beales’ flagship store and many other significant locations. For weeks the display windows at Beales, on Finkle Street, been by covered by "closing down for refurbishment sale" posters, with some townsfolk speculating the department store may be closing for good. “It is anticipated that these stores will continue to trade, running closing down sales for around eight weeks. “Unfortunately, however, no offers have been received in respect of selling all 23 stores as a going concern. Website. Will Wright, partner at KPMG and joint administrator, said: “Whilst it is regrettable that we have had to take this decision, especially given the fantastic support that the staff have provided to the business and the administrators since our appointment, the impact of these unprecedented circumstances has left us with no alternative option. Employees across these stores will be retained to assist with trading over the weeks ahead, and the joint administrators and their teams will continue to work closely with staff during this period. ©Copyright 2001-2020. If you have a complaint about the editorial content which relates to inaccuracy or intrusion, then please contact the editor here. The stricken department store chain Bealesis to close more than half its shops in the latest blow to the UK’s struggling high streets. These adverts enable local businesses to get in front of their target audience – the local community. Regrettably, the majority of employees will then be made redundant, with all salaries paid up to and including the date of their redundancy.”. Get involved with the news in your community, This website and associated newspapers adhere to the Independent Press Standards Organisation's Editors' Code of Practice. Newsquest Media Group Ltd, Loudwater Mill, Station Road, High Wycombe, Buckinghamshire. A statement said: “The joint administrators of the Beales department store chain, Will Wright and Steve Absolom from KPMG, have confirmed that all remaining Beales stores will close tomorrow, Thursday, March 19. "It is anticipated that these stores will continue to trade, running closing down sales for around eight weeks. “We will be working with employees to ensure they have all the necessary information to submit claims to the Redundancy Payments Service, together with details of who to contact for any help and support they may require.”. 224 were here. Beales says it is closing down with a final clearance sale underway at its store in Yeovil. Beales plans to shut its Winchester and Rochdale stores this summer, and both branches are holding closing down Sales. If you’re a Beales customer, here’s everything you need to know about your consumer rights. Beales closing all its stores for good tomorrow. Beales began trading in Bournemouth in 1881 but is … Beales runs a number of shops across Norfolk and Suffolk, including Diss and Beccles. A CLOSING down sale has been announced on the Beales website. As a subscriber, you are shown 80% less display advertising when reading our articles. The 139-year-old business collapsed into administration in … It has been confirmed Beales department store in Perth is to close. Beales to close its final stores after sliding into administration. The news means Beales will disappear from the Bournemouth where the business was founded in 1881. BEALES’ flagship Bournemouth branch is to close along with 11 other branches, it has been announced. notices in the windows of its large two-storey shop in the centre. As a subscriber, you are shown 80% less display advertising when reading our articles. But no buyers were found and even the closing down sale has been brought to a premature halt. For more information visit us at www.Beales.co.uk The 139-year-old business, … The department store chain went into administration in January, with administrators from KPMG initially looking for a buyer for all or part of the business. The 12 branches involved will continue to trade for around eight weeks. Beales put 1300 jobs at risk after collapsing into administration this week. Department store chain Beales starts festive financing talks. For more information visit us at www.Beales.co.uk CLOSING TIME Department store chain Beales goes into administration with 23 shops and 1,052 jobs at risk. There will be no immediate closures and Beales stores will continue to trade, although the website is offline. Phone 01202 675721 . A Gannett Company. The chain has 22 stores in the UK, all of which will continue to trade as usual, and all staff will be retained while KPMG assesses what options are available for the business. It had been hoped that shops would keep going until the start of April. Beales is one of the UK's leading department store chains. Beales is one of the UK's leading department store chains. Beales has said it is closing down in a message on the company's website (Image: Beales). They were both part of the CVA, which was approved by creditors on March 24.. Its King’s Lynn store will also close this year after the retailer decided not to renew its lease, as will its store in Horsham, West Sussex, as previously reported. Beales department stores have gone into administration, putting the future of the 140 year old chain under threat. If you are dissatisfied with the response provided you can contact IPSO here. Beales. Department chain Beales is to close 12 of its stores after efforts to sell all 23 failed, according to administrators KPMG. Administrators at collapsed department store chain Beales have decided to close the final remaining 11 stores on Thursday, two weeks earlier than previously planned, due … - … If you are dissatisfied with the response provided you can contact IPSO here. A week ago, it was announced that a buyer for the beleaguered group could not be found and the 23 stores would be placed into administration. Get involved with the news in your community, This website and associated newspapers adhere to the Independent Press Standards Organisation's Editors' Code of Practice. It added that the remaining stores are expected to trade for around eight weeks while closing down sales take place. These adverts enable local businesses to get in front of their target audience – the local community. Administrators at KPMG said they are continuing discussions with "a number of interested parties" over a sale. 227 were here. 1982: With the UK in recession, Beales announced that Bealesons would shut down. Department store chain Beales which appointed KPMG as administrators on Monday, has reopened its website this afternoon with an advert for a closing down sale in branches. A Gannett Company. Beales, which was founded in 1881, has 22 locations nationwide, including one in Bedford. We pride ourselves on bringing you the very best products from the biggest brands at prices you'll love. Closing Down sales have begun at Beales Department stores across the country. Closing down sales have started in its 23 stores, which are making preparations to close for good. 1987: Frank Beale stepped down as chairman, to be replaced by Nigel Beale – grandson of founder John Elmes Beale. Beales in the Brooks Centre has placed 'Closing Down - everything must go!' 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