B&MB&M European Value Retail, the fast growing British discount store chain, is in talks with at least six major UK retailers to purchase stores from them.

The firm, chaired by former Tesco boss Terry Leahy, also posted a 34 per cent rise in first-half earnings and said it was on track to open at least a net 50 stores in its 2014-15 financial year.

“There are at least six retailers that are in active negotiations with us on right-sizing their estates,” CEO Mr. Simon Arora said.B & MLiverpool, North West England-based B&M, which trades under the B&M Bargain and B&M Home store brands, opened a net 20 stores in its first half and is confident it can increase its store base from 400 to 850 in eight years.

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