TOP NEWS: B&M European Enters Convenience Food With Heron Foods Buy

LONDON (Alliance News) – B&M European Value Retail SA on Wednesday announced plans to enter the convenience food space by buying discount convenience retailer Heron Food Group Ltd for up to GBP152.0 million. The value retailer will buy Heron Food through its subsidiary EV Retail Ltd. Heron Food operates predominately in the north of England and operates 251 stores. In 2016, it delivered revenue of GBP274.4 million and a pretax profit of GBP8.6 million. Like-for-like revenue rose by 3% year-on-year. The business employs 3,800 people and sells products including ambient,…

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