How many beales stores are there

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Anne Kitching. Freebie and the Bean. Great hat love it! Nippy V. The Bournemouth-based retailer, which was founded in , faced a disappointing period of trade over Christmas, and has been met with rising costs and high business rates. However, before Christmas this year the company appointed KPMG to review the business, officially triggering a sales process. The process of entering administration comes following a difficult period for British retail in , with sales falling for the first time in 24 years.

While the stores are still operational, Beales gift vouchers, customer deposits, returns and refunds will continue to be honoured. This is the full list of Beales stores that are under threat of closure after the business entered administration:. Beales in administration: what happens next for staff, the stores affected and if gift cards will still be honoured.

Log In. Contact us Sign up for newsletters. KPMG, the advisory firm handling the administration, said it was in active discussions with interested parties but there was no buyer for the whole chain. As a result, it was drafting a closure plan for a dozen stores, which would affect about staff.

The administrators said stores earmarked for closure would continue to trade, with closing-down sales for about eight weeks. Staff would be retained to help with trading over the coming weeks, KPMG said. Beales is the latest victim of the high street downturn that has forced a wave of closures.