b & m. b & m european retail value type soci t 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 operating income 132.9 million 2015 5 net income 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 . contents 1 history 2 operations 3 financial performance 4 press and awards 5 references 6 external links history edit 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 cleveleys lancashire 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 november 2014 the business opened its 400th store in stockport . 15 in july 2015 the business opened its 450th store in tiverton devon . 4 in march 2016 the business opened its 500th store in mansfield . 4 operations edit 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 . 16 financial performance edit the financial performance has been as follows year ending revenue million pre tax profit million retained profit million 2003 17 64.6 1.2 28 february 2004 17 69.7 0.3 2005 9 65.0 31 december 2006 9 78.0 31 december 2007 18 147.0 9.9 31 december 2008 19 255.9 14.2 31 december 2009 20 426.6 33.8 24.5 21 31 december 2010 538.3 35.2 25.3 31 december 2011 22 712.6 52 38.0 31 december 2012 22 935.2 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 edit in 2009 b & m won the kpmg employee growth award amongst fast track companies . 23 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 . 24 references edit a b c d e f g h i sengun tunc . b & m s corporate website corporate governance page . retrieved 20 june 2014 . arora brothers clean up thanks to b & m float . the times . retrieved 13 june 2015 . sengun tunc . b & m s corporate website contact us page . retrieved 20 june 2014 . a b c d sengun tunc . b & m s website about page . retrieved 26 march 2016 . a b c d e preliminary results for the 52 weeks to 28 march 2015 pdf . b & m. retrieved 13 june 2015 . a b sengun tunc . b & m s website careers page . retrieved 26 march 2016 . barry chris 5 september 2006 . glynwebb changes hands again . manchester evening news . retrieved 29 december 2010 . sengun tunc . b & m acquires kwik save stores . talkingretail.com . retrieved 22 june 2014 . a b c staff writer 15 october 2007 . b & m bargains buys ex kwik save stores . talking retail . retrieved 29 december 2010 . sengun tunc . b & m acquires woolworth stores . retail week.com . retrieved 22 june 2014 . sengun tunc . b & m acquires au naturale stores . retatail week.com . retrieved 22 june 2014 . sengun tunc . b & m acquires focus stores . retail week.com . retrieved 22 june 2014 . sengun tunc . clayton dubilier & rice to acquire significant stake in leading uk variety retailer b & m retail . retrieved 20 june 2014 . sengun tunc . b & m lists on the london stock exchange . londonstockexchange.com . retrieved 22 june 2014 . why b & m could be the next big thing in british retailing . the telegraph . 18 november 2014 . retrieved 10 september 2016 . sengun tunc . b & m sells national lottery goods . halfdiscount.co.uk . retrieved 22 june 2014 . a b subscription required staff writer 27 august 2004 . b & m s brutal year stems growth . retail week . retrieved 29 december 2010 . staff writer 28 march 2008 . shop profile b & m retail . the grocer . retrieved 29 december 2010 . staff writer 20 june 2009 . profits up 95 % at expanding b & m bargains . the grocer . retrieved 29 december 2010 . staff writer 29 may 2010 . b & m confirms meteoric rise as pre tax profits hit all time high . the grocer . retrieved 29 december 2010 . bennett julia 21 may 2010 . b & m staff anger over obscene profit . blackpool gazette . retrieved 29 december 2010 . a b sengun tunc . b & m s financial performance 31 12 2012 pdf . bandmretail.com . retrieved 23 june 2014 . sengun tunc . b & m wins employee growth award . fasttrack.co.uk . retrieved 22 june 2014 . sengun tunc . b & m the sunday times fast track . fasttrack.co.uk . retrieved 22 june 2014 . external links edit b & m retail website b & m corporate website v t e supermarkets in the united kingdom big four asda morrisons sainsbury s tesco convenience bargain booze best one budgens the co operative food costcutter happy shopper jones convenience stores londis mace mccoll s nisa premier stores spar discount 99p stores aldi b & m home bargains kwik save lidl poundland poundstretcher poundworld quality save frozen specialists farmfoods heron foods iceland fulton s foods online ocado premium marks & spencer waitrose whole foods market regional booths dunnes stores filco planet organic shoprite isle of man category v t e variety stores asia 100 yen shop japan daiso china hong kong japan macau malaysia philippines singapore taiwan thailand living plaza by aeon hong kong watashi to seikatsu hong kong europe 99p stores uk action netherlands b & m uk bargain buys uk coop city switzerland el corte ingl s spain dealz ireland eurogiant ireland euroland netherlands flying tiger copenhagen denmark hema netherlands home bargains uk karstadt germany manor switzerland migros switzerland monoprix france poundgiant uk poundland uk poundstretcher uk poundworld uk quality save uk upim italy zeeman netherlands north america 99 cents only stores us big lots us a buck or two canada casa ley mexico daiso canada us deals us dollar general us dollar tree us dollar tree canada canada dollarama canada family dollar us five below us fred s us great canadian dollar store canada hart stores canada k dollar us ollie s bargain outlet us ocean state job lot us rossy canada waldo s dollar mart mexico your dollar store with more canada oceania abc stores guam daiso australia crazy clark s australia defunct the reject shop australia v t e ftse 100 ftse 250 companies of the united kingdom 3i infrastructure aa aberdeen asset management aberforth smaller companies trust acacia mining aggreko aldermore group alliance trust allied minds amec foster wheeler ao world ascential ashmore group assura atkins auto trader group aveva balfour beatty bankers investment trust barr a.g. bba aviation beazley group bellway berendsen berkeley group holdings bank of georgia bh macro big yellow group b & m european retail value bodycote booker group bovis homes group brewin dolphin holdings british empire trust britvic brown n. btg plc cairn energy caledonia investments capital & counties properties card factory carillion centamin cineworld city of london investment trust clarkson close brothers group cls holdings cmc markets cobham computacenter countryside properties countrywide cranswick crest nicholson cybg daejan holdings dairy crest debenhams dechra pharmaceuticals derwent london dfs dignity diploma domino s pizza drax group dunelm group edinburgh investment trust electra private equity electrocomponents elementis entertainment one essentra esure euromoney institutional investor evraz f & c commercial property trust fidelity china special situations fidelity european values fidessa group finsbury growth & income trust firstgroup fisher james & sons foreign & colonial investment trust g4s galliford try gcp infrastructure investments genesis emerging markets fund genus go ahead group grafton group grainger great portland estates greencoat uk wind greencore greene king greggs gvc holdings halfords group halma hansteen holdings harbourvest global private equity hastings group hays henderson group hicl infrastructure company hill & smith hiscox hochschild mining homeserve howdens joinery hunting ibstock icap ig group holdings imi inchcape indivior inmarsat intermediate capital group international personal finance international public partnerships investec ip group jardine lloyd thompson jd sports john laing group john laing infrastructure fund jpmorgan american investment trust jpmorgan emerging markets investment trust jpmorgan indian investment trust jrp group jupiter fund management just eat kaz minerals keller kennedy wilson europe real estate kier group ladbrokes laird lancashire holdings londonmetric property man group marshalls marston s mccarthy & stone meggitt mercantile investment trust metro bank millennium & copthorne hotels mitchells & butlers mitie moneysupermarket.com group monks investment trust morgan advanced materials murray international trust national express group nb global ncc nmc health ocado group onesavings bank p2p global investments pagegroup paragon group of companies paypoint paysafe pennon group perpetual income & growth investment trust personal assets trust petrofac pets at home phoenix group holdings playtech polar capital technology trust polypipe premier farnell pz cussons qinetiq rank group rathbone brothers redefine international redrow regus group renewables infrastructure group renishaw rentokil initial restaurant group rightmove rit capital partners riverstone energy rotork rpc group safestore saga savills scottish investment trust scottish mortgage investment trust segro senior serco shaftesbury shawbrook bank sig plc smith ds smurfit kappa group softcat sophos spectris spirax sarco engineering spire healthcare sports direct ssp group stagecoach group st. modwen properties supergroup svg capital synthomer talktalk group tate & lyle ted baker telecom plus temple bar investment trust templeton emerging markets investment trust thomas cook group tritax big box reit tr property investment trust tullett prebon tullow oil ubm udg healthcare uk commercial property trust ultra electronics holdings unite group vectura group vedanta resources vesuvius victrex virgin money weir group wetherspoon j d w h smith william