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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 ...
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In 1995, Morris decided to rebrand the stores logo and name, from "Home and Bargain" to Home Bargains, with a new blue and red corporate logo which was designed by Morris's family member and graphic designer Anton Morris. [8] Morris reportedly founded the brand using a bank overdraft. [7]
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.
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 ...
It also operates a chain of Games Workshop retail stores. It was founded in 1975 by John Peake, Ian Livingstone, and Steve Jackson as a manufacturer of wooden boards for games. It later became an importer of Dungeons & Dragons, and then published its own wargames and role-playing games. In 2022 its revenue was £386 million, with a net income ...
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]
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.