Beales collapses into administration

Beales may fall into administration

Department store Beales has fallen into administration today after a crunch meeting about the future of the business failed to prevent collapse.

The meeting this morning opened the door to the appointment of KPMG as administrator, Sky News reported.

The administration of 140-year-old Beales puts around 1,300 full-time roles in jeopardy, as well as the future of 22 stores.

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