Yeovil Store under threat
Beales, the department store group, has today indicated it may have to call in the receivers. The group which has a large store in Yeovil’s High Street lost £3.1m in the year to March 2019.
The group have been known to be looking for a buyer for some time, but poor trading over the Christmas period may have made its survival untenable.
The group has 22 stores around the UK and over 1,000 employees. The group have said even if a buyer can be found for the group, store closures an redundancies cannot be ruled out.