B & M

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For other uses, see B&M.
B&M European Retail Value
Société anonyme
Traded as LSE: BME
Industry Retail
Founded 14 March 1978[1]
Founder Malcolm Billington[1]
Headquarters Liverpool, United Kingdom (operational headquarters)[2]
Luxembourg (registered office)[3]
Number of locations
 500[4]
Key people
 Sir Terry Leahy[1] (Chairman)
Simon Arora (CEO)[1]
Paul McDonald[1](CFO)
Products Grocery, variety
Revenue £1,646.8 million (2015)[5]
£132.9 million (2015)[5]
£39.9 million (2015)[5]
Number of employees
 22,500 (2016)[6]
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.[6] It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

B&M, Omagh (2008)
B&M, Keighley (2010)
B&M, Strabane (2009)
B&M, Morley (2010)

The business was founded by Malcolm Billington as Billington & Mayman and the first store opened in Blackpool, United Kingdom in 1978 and was acquired by Simon and Bobby Arora from Phildrew Investments in December 2004.[1]

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.[7] The company also acquired a number of former Kwik Save,[8][9] Woolworths[10] and Au-Naturale stores.[11]

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.[1]

In May 2011, B&M also purchased a number of Focus DIY stores.[12]

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.[1][13]

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.[1] In June 2014, the business was the subject of an initial public offering.[14]

In July 2015, the business opened its 450th store.[4]

In March 2016, the business opened its 500th store.[4]

Operations

The business has 500 high street and out of town stores across the United Kingdom (March 2016), as well as 49 stores under the JA Woll and HAFU brands in Germany.[4] Since September 2012, some stores have also been selling National Lottery goods.[15]

Financial performance

The financial performance has been as follows:

Year ending Revenue
(£ million)		 Pre-tax profit
(£ million)		 Retained profit
(£ million)
2003[16] 64.6 1.2
28 February 2004[16] 69.7 -0.3
2005[9] 65.0
31 December 2006[9] 78.0
31 December 2007[17] 147.0 9.9
31 December 2008[18] 255.9 14.2
31 December 2009[19] 426.6 33.8 24.5[20]
31 December 2010 538.3 35.2 25.3
31 December 2011[21] 712.6 52 38.0
31 December 2012[21] 935.2 88.3 66.3
29 March 2014[5] 1,351.2 102.3 (19.4)
28 March 2015[5] 1,646.9 61.7 39.9

Press and awards

In 2009, B&M won the KPMG Employee Growth Award amongst Fast Track Companies.[22]

Before being listed on the London Stock Exchange, B&M was featured repeatedly in The Sunday Times Fast Track as one of the 100 fastest growing private companies in the United Kingdom.[23]

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ 4.0 4.1 4.2 4.3 Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ 5.0 5.1 5.2 5.3 5.4 Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ 6.0 6.1 Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ 9.0 9.1 9.2 Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  15. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  16. ↑ 16.0 16.1 (subscription required) Lua error in package.lua at line 80: module 'strict' not found.
  17. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  18. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  19. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  20. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  21. ↑ 21.0 21.1 Lua error in package.lua at line 80: module 'strict' not found.
  22. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  23. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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