Discount retailer B&M will outline plans this week for a share listing in a deal that reports estimate will be worth £2bn or more.
B&M, once a retailer mainly of groceries, was bought nine years ago by brothers Simon and Bobby Arora, who were later joined in the business by third brother Robin. The brothers still run the company but in 2012 it was bought by US private equity group Clayton Dubilier & Rice.
Today, 90% of what the retailer sells is non-food, including DIY, garden, pet and electrical products. The company has around 375 stores in the UK, annual sales of £1.2bn and 17,000 employees.
In March this year B&M bought the German non-food discount retailer Jawoll, which has 50 stores.