High Street

Beales to shutter 11 remaining stores

The administrators of Beales have announced the plans to close the department store chain’s remaining 11 stores and associated stock liquidation.

The company entered administration in January, and joint administrators Will Wright and Steve Absolom from KPMG, said no “deliverable offers have been received for the business to date”.

In line with the closures announced previously, it is anticipated that stores will trade for a period of approximately eight weeks while the closing down sales are conducted.

KPMG said employees across the stores will be retained to assist with trading over the weeks ahead. However, a further 20 members of staff have been made redundant from the Beales head office in Bournemouth.

Wright said: “We’d like to thank all Beales employees for their wholehearted support and assistance during the administration process.

“We understand that the failure to achieve a sale so far will come as disappointing news, but can assure them that we will continue in our efforts to secure some form of positive outcome.”

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