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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.
The move by Beales has thrown into doubt 1,300 jobs of those who work in its 22 stores across the country.
Tony Brown, the chief executive and owner of Beales, appointed administrators KPMG after failing to secure a sale for the 140-year-old business.
The administrator has announced the closure of the original Bournemouth store in 8 weeks time.