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Beales wants landlords to back a company voluntary arrangement later this month as it bids to cut its rent bill across its store network.


The department store chain — acquired by English Rose Enterprises last year — wants to renegotiate rent on around a third of its circa 30-store portfolio, with the remainder to remain at current levels and not included in the proposal.


Landlords will vote on the CVA on 24th March. Bournemouth headquartered Beales follows BHS in looking to cut its store costs via the CVA route and — like BHS — is being advised by KPMG.


English Rose Enterprises is ultimately owned by Andrew Perloff, whose other interests include the beds and upholstery group Airsprung and the property company Panther Securities.


Panther is landlord to a number of Beales stores, and is backing the CVA plan.