This discount retail chain says it has opened one new store a week throughout 2009 by acquiring empty Kwik Save and Woolworths stores. Brothers Simon and Bobby Arora bought B&M Retail from Phildrew Ventures in 2004, having sold their previous business for a reported £30m in 2000. They have expanded the company rapidly, growing from 21 stores to 140 high-street and retail-park outlets across Britain. B&M stores sell groceries and beauty products but also stock toys, clothing and electrical equipment. Price-conscious shoppers have helped sales grow 55% a year from an annualised £69.3m in 2005 to £255.9m in 2008.
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