B&M Bargains
 |
|
| Société anonyme | |
| Traded as | : |
| Industry | Retail |
| Founded | 14 March 1978 |
| Founder | Malcolm Billington |
| Headquarters |
Liverpool, United Kingdom (operational) Luxembourg (registered) |
|
Number of locations
|
500 |
|
Key people
|
Sir Terry Leahy (chairman) Simon Arora (CEO) Paul McDonald (CFO) |
| Products | Grocery, variety |
| Revenue | £2,035.3 million (2016) |
| £174.5 million (2016) | |
| £125.8 million (2016) | |
|
Number of employees
|
22,500 (2017) |
| Website | retail website corporate website |
B&M European Retail Value S.A. (also known as B&M Bargains and the larger B&M Homestore) was formed in 1978 and is now one of the leading variety retailers in the United Kingdom, employing over 22,500 staff. It is listed on the , and is a constituent of the FTSE 250 Index.
The retailer has been noted as being one of the fastest growing retailers in Britain, with encouraging revenue growth and a store increase of more than 2400% (25x) over an 8-year period up to 2016. Over 3 million customers each week shop at their high street and home store outlets, with 100 new lines being added every week.
The business was founded by Malcolm Billington as Billington & Mayman and the first store opened in Cleveleys, Lancashire, United Kingdom in 1978 and was acquired by Simon and Bobby Arora from Phildrew Investments in December 2004.
In September 2006, the business saw significant growth, by acquiring the GlynWebb chain of Do It Yourself (DIY) stores, and converting them into the B&M Homestore format. The company also acquired a number of former Kwik Save,Woolworths and Au-Naturale stores.
The business moved into a new office and modern 620,000sq ft distribution centre based in Speke, Liverpool in 2010, and new operations, logistics and finance directors joined the business in 2011. In May 2011, B&M also purchased a number of Focus DIY stores.
In December 2012, Clayton, Dubilier & Rice, one of the world’s leading private equity funds, acquired a significant stake in B&M, and Sir Terry Leahy and Vindi Banga joined the Board of Directors. In March 2014, the business acquired a majority stake in German discount retailer JA Woll, and then opened a new 500,000 sq ft distribution centre in Speke, Liverpool. In November 2014, the business opened its 400th store (in ).
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