The billionaire brothers behind discount chain B&M Bargains are set to net another £44million windfall after profits more than doubled during the coronavirus crisis.
Simon and Bobby Arora are among those quids in after B&M’s parent company announced a dividend bonanza. The £293milion payout to shareholders included a £250million special dividend because the firm has more cash than it knows what to do with.
It also announced a 4.3p half-year dividend worth a total of £43million. The company paid a separate £150m special dividend in April.
Yet the group has benefited from a business rates holiday put in place by the Government to help retailers hit by the coronavirus pandemic.