Beales department store chain close to collapse
by Richard Partington from on (#4XT43)
Firms says a buyer must be found within days, with 1,000 jobs at risk
The department store chain Beales is on the brink of collapse and must find a buyer within days, with about 1,000 jobs at risk if the historic retailer does not complete a rescue deal.
Beales, which began trading in Bournemouth in 1881, has filed notice of its intention to appoint administrators, as the retailer considers its options while seeking to complete a sale process begun last month.
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