Beales has announced a ‘change in ownership’ as signs went up in shop windows across the county.
The change is set to affect every store in the company including those in Horsham and Worthing.
This week a spokesperson confirmed Beales had now been taken over by an investor and the business had moved from being a PLC, which offers the public a chance to buy shares, to a privately owned company.
The spokesperson added the change has been branded as ‘positive’ and is ‘very good news’.
As a result of the takeover Beales has launched a clearance sale offering up to 70 per cent off certain items to remove current stock and make way for a set of new products set to be bought in by the new owners.