×
1 324
Fashion Jobs
ESTÉE LAUDER
Operations Support Manager
Permanent · Petersfield
ESTÉE LAUDER
jo Malone London - Omnichannel Operations Manager
Permanent · London
ESTÉE LAUDER
Multi-Brand - Business Manager, 37.5 Hours - Oxford - John Lewis
Permanent · Oxford
V. F. CORPORATION
Key Account Manager
Permanent · LONDON
ESTÉE LAUDER
Clinique - Consultant - Boots Bath - 28 Hours - Permanent
Permanent · Bath
CONVERSE
Strategic Account Executive
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Covent Garden, London - 20 Hours - Permanent
Permanent · London
SHISEIDO
National Account Manager
Permanent · London
TIMBERLAND
Credit Controller - French Speaking - Timberland
Permanent · CALVERTON
ESTÉE LAUDER
Clinique - Consultant - Boots Donegall, Belfast - 15 Hours - Permanent
Permanent · Belfast
ESTÉE LAUDER
Clinique - Consultant - Boots Sedley Place, London - 10 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Stratford, London - 10 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Durham - 6 Hours - Permanent
Permanent · Durham
ESTÉE LAUDER
Clinique - Consultant - Boots Londonderry - 11 Hours - Permanent
Permanent · Londonderry
ESTÉE LAUDER
Clinique - Consultant - Boots Kensington, London - 22.5 Hours - Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots Donegall, Belfast - 10 Hours - Permanent
Permanent · Belfast
BRAND STABLE LTD
Wholesale Sales Executive
Permanent · LONDON
LAIDBACK LONDON
Digital Marketing Manager
Permanent · HARROW
MARSHALLS
70118-lp Detective
Permanent · Banning
ESTÉE LAUDER
Clinique - Consultant - Boots, Watford - 22.5 Hours - Part Time, Permanent
Permanent · Watford
ESTÉE LAUDER
Tom Ford Beauty - Digital Marketing Executive
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Edinburgh - 6 Hours - Permanent
Permanent · Edinburgh
Published
Nov 28, 2018
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Beales expands after management buyout

Published
Nov 28, 2018

Beales has announced an agreement with Palmers, an historic East Anglian department store chain, to take over its two branches in a deal that puts an end to 180 years of family ownership.


Wikimedia


Beales, which had shelved its original takeover bid for Palmers in July due to the challenging retail environment, decided to revive its plans following a management buyout led by chief executive Tony Brown last month.

Beales acquired the lease to both Palmers stores in Great Yarmouth and Lowestoft, as well as all assets including the name. The majority of front of house and back office staff are expected to remain in place, Brown told local newspapers.

“The last attempt was aborted not through Beales, we still wanted to do the deal, but our parent company at that time decided they did not want to progress the risk,” Brown told The Great Yarmouth Mercury.

“I have since bought Beales. I now own the business and the first thing I did was pick up the phone to Bruce because I am that confident in both Great Yarmouth and Lowestoft. We have come to an agreement. It is a friendly takeover.”

The deal brings the total number of stores in Beales’ portfolio to 23, expanding the chain’s vulnerability to the high street crisis at a time when other national department store chains prefer to close stores.

Debenhams, Marks & Spencer and House of Fraser are some of the big name department stores closing branches amid a continued shift towards online shopping.

Copyright © 2021 FashionNetwork.com All rights reserved.