Beales acquires Palmers stores
Beales has added two further locations to its chain of department stores by acquiring Palmers which operates outlets in Great Yarmouth and Lowestoft. Beales has also acquired the leases, assets and names from the family run Palmers' business. The acquisition will see most of the Palmer's store and back office staff retain their jobs, however central support functions will be managed by the existing Beales' team.
This brings Beales total store count to 23 at a time when other department store chains are retrenching. Beales itself was acquired via an MBO in October.