The outgoing chief executive of the discount retailer B&M earned £5m last year – more than the boss of Tesco.
Simon Arora’s pay package rose by more than a third to the highest level ever for the company – and 270 times that of the average B&M worker – despite flatlining profits and falling sales in the year to the end of March as more rival shops reopened from the Covid pandemic. B&M enjoyed “essential retailer” status during the lockdowns.
