B&M gets ready to float

Published on: 19th May 2014

The discount retailer is readying a stock market debut that values the firm at more than £2b, in a move which could be announced as early as this week.

The Liverpool-based company would follow discounting rival Poundland, which raised £375m on its entry into the London market back in March.

B&M, which has grown from 27 to 370 stores since it was bought by the Arora brothers in 2004, has been 60% owned by private equity fund Clayton Dubilier & Rice since 2012.

Simon, Bobby and Robin Arora became multi-millionaires when the US private equity outfit took its stake, and stand to make even more during the initial public offering. The Sunday Times yesterday put the combined wealth of the Sale-born brothers at £1.4b, up from £1.1b a year ago.

B&M sells everything from instant noodles and baked beans to patio furniture. The firm posted revenue growth of 31.5% to nearly £1b in 2012 and now employs more than 11,000 staff.

If you would like to receive our daily newsflash email, please enter your email address in the “sign-up” box at the top of the page; you can also follow us on Twitter and Facebook and request a print subscription here.


Vivid Goliath unveils world first with Recyclings collectibles

Early Christmas shopping results in retail sales rise

Exclusive – Toy World congratulates Britains on 100 Years

Mattel supports local Christmas present appeal

Panini launch event to kick off Premier League 2022 Sticker Collection

BTHA presents pair of Golden Teddy Awards

Exclusive: Talking Shop – brace your elves!

Last chance to sign up for ‘Supply Chains, transportation and toys’ webinar

Moonbug brands to arrive in Asda this Christmas

Animaccord’s special Masha and the Bear episode marks YouTube milestone