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B&M Retail Limited, trading as B&M, is a British multinational variety store chain founded in 1978 and based in Speke. It is listed on the London Stock Exchange, and is a constituent of the FTSE 100 Index. B&M is part of the Luxembourg-based B&M European Value Retail S.A., which owns Heron Foods and operates the B&M (formerly Babou) stores in ...
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In 2017, Simon and Bobby Arora cashed in £215m of shares and reduced their stake in B&M by a quarter, three years after taking it public. [6] As of May 2019, the Arora brothers (Simon, Bobby and Robin) jointly have a net worth of £2.26 billion. [7] Arora stepped down as CEO of B&M in September 2022 following 17 years in the role.
The chief executive of B&M Bargains is to quit the retailer after 17 years. Simon Arora said he will step down in 12 months to allow time to find his replacement and enable a smooth transition.
Businessman. Known for. Founder and 89% owner of Home Bargains. Spouse. Kristina O'Hare. Children. 5. Thomas Joseph Morris (born 10 February 1954) is a British billionaire businessman and the founder of retail chain Home Bargains. According to the Sunday Times Rich List in May 2021, Morris and his family are worth £4.36 billion.
In 1995, he went into business with his brother Simon Arora, and founded Orient Sourcing Services, importing homewares from Asia and supplying them to UK retail chains, before buying B&M in 2004, which was then a struggling grocery chain based in Blackpool. [5] [6] He has been trading director of B&M since 2005. [1]
History. The retailer was founded by owner Tom Morris in 1976 as a single store called Home and Bargain[2] in Old Swan, Liverpool when he was aged 21. The name was changed to Home Bargains in 1995, but is still colloquially referred to by its original name in the Merseyside area. [3][2] Morris, who was reported to have still owned an 89% stake ...
76. Family owned discount shops department store chain based in Scarborough. Stores primarily in the North of England and East Midlands. The Factory Shops. c.1980s. The Factory Shops Essex Ltd. 5. Family run Essex -based discount shop [ 1 ] Home Bargains.