ARTHUR BEALE CLOSES PHYSICAL PREMISES<\/p>\n
HOMENEWSINDUSTRY NEWSARTHUR BEALE CLOSES PHYSICAL PREMISES<\/p>\n
30 Apr 2021<\/p>\n
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Alisdair Flint is to stay on as a shareholder and director<\/p>\n
INDUSTRY DATABASE<\/p>\n
ARTHUR BEALE LTD<\/p>\n
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.<\/p>\n
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.<\/p>\n
\u201cWe 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,\u201d said a spokesman.<\/p>\n
\u201cWe have no choice but to leave and move on to pastures new.\u201d<\/p>\n
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.<\/p>\n
Hugh has a commercial background in marketing and previously ran an ecommerce wine business.<\/p>\n
James has had an international career in finance and lives in Sweden.<\/p>\n
Alasdair Flint will continue to be a shareholder and a director of the company.<\/p>\n
The company has leased a new warehouse in Buckinghamshire and will continue to sell products online.<\/p>\n
In addition, its clothing range will be expanding.<\/p>\n
The directors are also looking to the future and hoping to have some form of London presence again by Christmas.<\/p>\n
The business was established as a rope maker more than 400 years\u2019 ago.<\/p>\n
via Boating Business | Arthur Beale closes physical premises<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" ARTHUR BEALE CLOSES PHYSICAL PREMISES HOMENEWSINDUSTRY NEWSARTHUR BEALE CLOSES PHYSICAL PREMISES 30 Apr 2021 Email Share Facebook LinkedIn Twitter Print Alisdair Flint is to stay on as a shareholder and director INDUSTRY DATABASE ARTHUR BEALE LTD One of the oldest … Continue reading