Beales Completes Acquisition of Palmers

Posted on 30th November 2018
Bournemouth based department store chain Beales has completed the acquisition of Palmer’s remaining two stores in Great Yarmouth and Lowestoft, East Anglia.

Completed with the assistance of law firm Blake Morgan, the deal sees Beales take over Palmer’s leases, assets and name.

Blake Morgan has advised Beales for over 20 years. Partner Stephen Archibald said: “It is well known that many traditional High Street retailers are facing unprecedented pressures but Beales’ concentration on market towns and its strategic focus at a community level means they are very experienced at leveraging opportunities in a difficult market and renowned for delivering a great customer experience that meets local demand.  

“This latest acquisition was negotiated and completed within a week of Blake Morgan being engaged.  With 23 stores in a variety of locations nationwide, we are proud to have worked with Beales for over 20 years and wish Tony Brown and his dedicated team every success with their expansion plans.”

Enjoy That? You Might Like These:

Shaping plans for business growth with Venturefest
9 July
Business leaders, innovators, and entrepreneurs from across the South are invited to register for Venturefest South’s dynamic VFS Rumble Business Growth Series, starting on 18 July with ‘Shaping Your Plans... Read More
Blake Morgan advises the South’s leading recruitment companies
5 July
In the first half of 2024, Blake Morgan has advised two multi-award-winning recruitment companies headquartered on the South Coast in Hampshire, helping them on their path to achieve their strategic... Read More
Blake Morgan announces 49 promotions across UK offices
3 July
Leading law firm Blake Morgan has announced a host of new summer promotions, recognising the exceptional work of its employees over the past year, and the excellent service they provide... Read More
Click here for more news features