Simon Arora
Simon Arora (born November 1969) is a British billionaire businessman, CEO of the retail chain B & M.
Simon Arora | |
---|---|
Born | November 1969 (age 50) |
Nationality | British |
Education | Cambridge University |
Occupation | Businessman |
Net worth | GBP £2.3 billion [1] |
Spouse(s) | Shalni Arora |
Children | 2 daughters |
Relatives | Bobby Arora (brother) Robin Arora (brother) |
Career
Arora worked as an analyst for McKinsey, 3i and Barclays.[3]
In 1995, he went into business with his younger brother Bobby Arora, importing homewares from Asia and supplying them to UK retail chains, before buying B & M in 2004, which was then a struggling grocery chain based in Blackpool.[3]
Jointly with his brothers Bobby and Robin, they have a net worth of £2.3 billion. [1]
In 2017, Simon and Bobby Arora cashed in £215m of shares and reduced their stake in B&M by a quarter, three years after taking it public.[4]
Personal life
He is married to Shalni Arora, who has a Natural Sciences degree from Cambridge University, and was a co-founder of bio-tech business DxS.[5] They have two daughters.[6]
Arora owns three of the flats at 3-10 Grosvenor Crescent, a Grade II* listed terrace in London's Belgravia district, where he unsuccessfully opposed a legal dispute about concierge services in 2017.[7]
References
- "Rise and fall of retail tycoons: Rich List sees dotcom pioneers soar as High St stalwarts slide". thisismoney.co.uk. Retrieved 22 August 2018.
- "B & M Retail Limited". Companies House. Retrieved 10 August 2015.
- "Simon and Bobby Arora - B&M". Managementtoday.co.uk. Retrieved 3 June 2017.
- "Billionaire brothers sell stake in UK discounter B&M". Financial Times. Retrieved 14 January 2019.
- "Simon & Shalni Arora - Asian Power CouplesAsian Power Couples". Asianpowercouples.com. 30 June 2015. Retrieved 3 June 2017.
- James Ferguson. "Brothers on their way to creating the new Woolies". Manchester Evening News. Retrieved 3 June 2017.
- "Owner of £18m flat wins court fight over lack of concierge staff". Retrieved 23 December 2017.