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.
The acqu... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...