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Birmingham Post
Birmingham Post
Business
Henry Saker-Clark, PA Deputy Business Editor

B&M Bargains names new chief executive as discount retail giant posts fall in sales

Alex Russo Simon Arora BM

Discount retailer B&M has named finance boss Alex Russo as its new chief executive as it reported a dip in sales and flat profits for the past year.

The Liverpool-based group announced last month that Simon Arora, the billionaire who oversaw its massive expansion, would step down as CEO next year.

Now it has confirmed that Mr Russo, who joined the group in October 2020, will succeed him.

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