EMCC European Monitoring Centre on Change

Beales

Company/Organisation:
Beales

Geographic Location

Country: United Kingdom
Location of affected unit(s): Beccles, Bedford, Bournemouth, Chipping Norton, Diss, Fareham, Great Yarmouth, Hexham, Keighley, Kendal, Lowestoft, Mansfield, Perth, Peterborough, Poole, Skegness, Southport, Spalding, St. Neots, Tonbridge, Wisbech, Worthing and Yeovil

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.19 - Other retail sale in non-specialised stores
Number Employed: 1020

Employment Effects

Announcement Date: 18-03-2020
Planned Job Reductions min: 1020
Planned Job Reductions max: 1020
Type of Restructuring: Bankruptcy
Employment Effect Start: 21-03-2020
Direct Dismissals: 1020

Additional Information

Beales, one of the oldest British department store chains, went out of business, making overall 1,020 employees redundant.

The company entered into administration on 20 January 2020, but the attempts to find a buyer were unsuccessful. Consequently, all of the company's 23 stores have been closed. The bankruptcy was not related to the COVID-19 pandemic, however the last 11 stores closed in mid-March 2020, two weeks earlier than previously planned, because of the health emergency.

The administrators said that they had no alternative option but to close the stores. The company also ensured the employees that Beales will provide all the necessary information to submit claims to the Redundancy Payments Service, together with details of who the workers may contact for any help and support they could need.

Beales was founded in 1881 and was operating across England and Scotland.