Founders, B&M Bargains
Last ranked: 40
Analysts argue the world of discounting is crowded and ripe for consolidation, but B&M Bargains looks anything but vulnerable for a takeover.
Originally founded in 1978, B&M was snapped up by Simon and Bobby Arora in 2004 and it’s been on an upward trajectory ever since, boosted by a PE injection by Clayton, Dubilier & Rice in 2012, the appointment of a certain Sir Terry Leahy to the board (rampant expansion plans followed) and an IPO in 2014 that valued the business at £2.7bn.
B&M opened its 450th store in 2015. And the first thing you see when you walk into a store is grocery.
The Grocer's Power List 2016 reflects a sector in upheaval
- Currently reading
Arora Brothers, founders, B&M Bargains (37)