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Quote from The Sun:

Department store chain Beales has gone into administration, putting 23 stores and 1,052 jobs at risk.

The drastic move follows failed efforts to find a buyer amid poor Christmas trading and sky high rents.

KPMG has been appointed as administrator to the Bournemouth-headquartered chain.

Founded in 1881, Beales operates 23 department stores in market towns across the UK selling a range of furniture, fashion, toys and cosmetics. It employs circa 1,052 members of staff.

Will Wright, partner at KPMG and joint administrator, said: “For over a hundred years, Beales has been a stalwart of the high street in market towns up and down the UK, but like countless similar retailers, has found trading in recent times to be incredibly tough.

This is a big store in our main High Street, four floors I think. Only just up the road from Debenhams that is also teetering.