Just over two weeks after confirming that the Bedford branch of Beales would close, the joint administrators have begun preparations to close all of the group’s 23 shops.
In a statement from KPMG, the joint-administrators said, “With no deliverable offers received for the business to date, it is with regret that [we] are commencing preparations for the closure of the remaining 11 stores and associated stock liquidation.
“In addition, a further 20 members of staff have been made redundant from the Beales head office in Bournemouth.”
It is anticipated that all the stores will trade for the next eight weeks while their closing down sales continue.
KPMG said, “Employees across the 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.”
The precise closure date for each of the stores is yet to be confirmed.
Will Wright, joint administrator, 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.”