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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 250 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 ...
This page was last edited on 22 July 2020, at 20:30 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...
B&M was another retailer which saw investors react negatively towards its festive trading update. It saw its share value also slump over a tenth after its UK sales dipped over the final quarter ...
B&M: 1978 B&M European Value Retail S.A. 800+ The business was founded by Malcolm Billington as Billington & Mayman and the first store opened in Cleveleys, England, in 1978 and was acquired by Simon and Bobby Arora from Phildrew Investments in December 2004 Bargain Buys: 2013 Fortress Investment Group: 75
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.
It was turned into a Woolworths almost immediately in the same year. The retail unit was soon split up into a Matalan (Which closed in 2019) and a B&M Bargains. The former Matalan portion of the unit (and the adjacent USC unit) were merged to form an Evans Cycles store in 2021. Coventry 29 October 1999 [6] 5 February 2005
The stores were invented to rival the likes of popular discount retailers such as Home Bargains, B&M Bargains and Poundstretcher. As of 2015, the chain had 41 stores across the United Kingdom [citation needed]. The company intended to expand rapidly, with plans to double the number of stores by 2016, [8] and to open an additional 100 stores by ...
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.