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BNPS.co.uk (01202 558833)<br />
Pic: BNPS<br />
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Pictured today (Monday) Beales in Bournemouth, Dorset. The department store started in Bournemouth back in 1881.<br />
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Department store Beales falls into administration. <br />
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One of Britain's oldest department stores has today gone into administration, with the 'lunacy' of high business rates being to blame.<br />
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The move by Beales has thrown into doubt 1,300 jobs of those who work in its 22 stores across the country. <br />
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Tony Brown, the chief executive and owner of Beales, has appointed administrators KPMG after failing to secure a sale for the 140-year-old business.<br />
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The administrator will look to sell Beales as a going concern or break it up and sell its assets in order to pay creditors. <br />
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Beales stores are continuing to trade today although 'Closing Down Sale' signs have already appeared in the windows of its flagship store in Bournemouth, Dorset.