Brothers Simon, Bobby and Robin Arora bought the Liverpool discount retailer B&M Retail in 2005 from the private equity firm Phildrew Ventures when it had only 21 outlets. Now it has 280, selling everything from toothpaste to children’s pyjamas, and says it attracts more than 2m customers a week. B&M has flourished in the economic downturn as consumers hunt for bargains and rivals fail – it bought 11 outlets from the defunct DIY chain Focus in May last year. Sales increased 30% to £713m in 2011.
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