Administrators ‘currently have no intention’ to close eleven stores
PUBLISHED: 11:39 09 February 2020 | UPDATED: 16:06 09 February 2020
Administrators of a collapsed retail chain have confirmed they currently have no plans to close stores in Great Yarmouth and Waveney.
The joint administrators of the Beales department store chain have said that they remain in active discussions with interested parties regarding a going concern sale of 11 of its stores including Palmers in Great Yarmouth, which has been trading for 200 years, as well as the outlets in Lowestoft and Beccles.
The administrators have said no offers have been received in respect of selling all 23 of Beales' stores as a going concern.
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As a result, twelve stores including an outlet in Wisbech will close.
There is currently no intention to implement closure plans for the remaining 11 stores, which will all continue to operate as usual until an outcome with regards to a sale of the business is clarified.