Department store chain Beales collapses into administration | ITV News

Department store chain Beales has collapsed into administration after failing to find a last-minute buyer to rescue the 139-year-old business.

About 1,000 jobs at the 22 stores are now at risk, as administrators from KPMG step in to see if the business can be saved.

The Bournemouth-based retailer is the latest high street name to suffer from soaring business rates and the public deserting shopping centres in record numbers.

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