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BNPS.co.uk (01202 558833)<br />
Pic: BNPS<br />
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One of Britain's oldest department stores is to close down its original shop in the heart of Bournemouth, 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, appointed administrators KPMG after failing to secure a sale for the 140-year-old business.<br />
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The administrator has announced the closure of the original Bournemouth store in 8 weeks time.