£16m B&M bonus plan for Bobby Arora

Updated: 22:00 BST, 28 July 2023

Bobby Arora, the billionaire co-owner of the B&M homewares discount chain, will be granted millions in bonuses to stay.

He will be handed a maximum of £16m in addition to his regular package for his role as group trading director – to ensure he stays until ‘at least’ March 2026.

Signing on: Bobby Arora will be granted millions in bonuses to stay at B&M

‘Bobby has played an instrumental role in developing the B&M customer proposition and delivering long-term growth and profitability,’ the company said.

Bobby and his brother Simon, the former chief executive replaced by Alex Russo last year, acquired B&M in 2004 when it was an ailing chain of 21 stores and turned it into a powerhouse of about 1,000 shops in the UK and France.

Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.

Readers Also Like: Investors hedge against a European stock market downturn

POPULAR MONEY SECTIONS

READ SOURCE

£16m B&M bonus plan for Bobby Arora