Half Year Results 

German slip-up trips B&M

German slip-up trips B&M

Despite the name, B&M European Value Retail (BME) is first and foremost a UK-based business, deriving 86 per cent of its revenues from its home market via its B&M UK stores and Heron Foods. Yet a strong performance on its home turf – along with promising signs from recently acquired French group Babou – could not offset distribution issues and poor sales in the German Jawoll business, which forced the group to take a £59.5m impairment charge, sharply cutting progress and leading to analyst downgrades on the day.

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