B&M group in £80m swoop for French discount chain
Liverpool-based discount retailer B&M has paid £80.34m for a French discount general merchandise retailer group, trading as Babou.
The business operates 95 stores and for the year to January 31, 2018, delivered revenues of £305.8m, EBITDA of £21.76m, and a pre-tax profit of £880,949. It has gross assets of £254.95m.
It operates in the discount retail sector and its stores are mainly located at out-of-town sites, with an average 27,000 sq ft of retail space, compared with B&M's UK average of 19,500 sq ft.
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