ARTHUR BEALE CLOSES PHYSICAL PREMISES
HOMENEWSINDUSTRY NEWSARTHUR BEALE CLOSES PHYSICAL PREMISES
30 Apr 2021
Alisdair Flint is to stay on as a shareholder and director
ARTHUR BEALE LTD
One of the oldest chandleries in the UK, Arthur Beale, is to close its shop doors in Shaftesbury Avenue after 150 years of business at the premises.
The chandlery has suffered with the impact of the Covid-19 lockdowns and says it can no longer warrant paying the rents that a central London shop demands.
“We were left in a very precarious financial state as a result of the pandemic and were unsure if we were going to survive at all,” said a spokesman.
“We have no choice but to leave and move on to pastures new.”
In addition, two new investors, Hugh Taylor and James Keef have taken over the business and will inject capital and management expertise into the company.
Hugh has a commercial background in marketing and previously ran an ecommerce wine business.
James has had an international career in finance and lives in Sweden.
Alasdair Flint will continue to be a shareholder and a director of the company.
The company has leased a new warehouse in Buckinghamshire and will continue to sell products online.
In addition, its clothing range will be expanding.
The directors are also looking to the future and hoping to have some form of London presence again by Christmas.
The business was established as a rope maker more than 400 years’ ago.