BREAKING NEWS: Major retailer in Horsham to close

Beales in Horsham
Beales in Horsham
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Department store Beales in Horsham is to close down in July.

The store, based in The Forum and a major retailer in the town, confirmed today that it is to shut up shop this summer.

The news follows an announcement last week that the Beales chain had entered into a ‘company voluntary arrangement’ and was seeking rent cuts from landlords for 14 of its 35 shops over a 10-month period to avoid closure.

The company said it had been hampered by ‘legacy leases’ in some areas. However it said last week that that its Horsham and Worthing stores would be retaining their leases but paying rents monthly, rather than quarterly.

It said no stores would be closing immediately.