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Beales department-store poised to collapse, over 1,000 jobs on the line
DEPARTMENT-STORE chain Beales has warned it could collapse into administration if it fails to find a last-minute buyer, with more than 1,000 jobs at risk.
The Bournemouth-based retailer is understood to be hopeful that a rescue deal can be secured but could still be forced to enter insolvency.
Last month, Beales hired advisers at KPMG to lead a strategic review in order to find a profitable future for the business.
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