B&M boss Simon Arora plans retirement

Simon Arora is standing down as chief executive of B&M, the Blackpool retailer he built into a 1,100-store business. Arora, who has spent more than 17 years leading the business, said he intends to retire in 12 months’ time. B&M was a regional chain of only 21 stores when it was acquired by Simon and Bobby Arora in December 2004. Since then, it has grown into a FTSE 100 company with more than 1,100 shops across the UK and France. Group trading director Bobby Arora, Simon’s brother, said he intends to remain with the business in his current role. A succession process, led by chair Peter Bamford, will consider both internal and external candidates and a further announcement will be made when appropriate. Bamford said: “The remarkable growth of the business from its humble beginnings to where it is today reflects his exceptional passion, determination and ability. Moreover, he has established a firm foundation from which the group will continue to deliver its successful growth strategy and great value for its customers. We are all very grateful for his tireless efforts and he will leave us next year with our best wishes for the future.” To send feedback, e-mail piers.wehner@eg.co.uk or tweet @PiersWehner or @EGPropertyNews Photo from B&M