Analysis: Five ways outgoing B&M boss Simon Arora created a value powerhouse
B&M chief executive Simon Arora will step down next year, having transformed the value operator into a UK retail powerhouse over the past two decades. His time at the helm offers lessons aplenty for his contemporaries, as Retail Week explores.
When Simon Arora and his brother Bobby acquired B&M in 2005, the retailer was a loss-making outfit with approximately 20 stores.
Cut to 2022 and the FTSE 100 general merchandise business operates 1,100 stores across the UK and France, is a mainstay on City analysts’ buy lists and has eclipsed the market cap of heritage retailers including Marks & Spencer.
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