Sir Stelios Haji-Ioannou confirms easyFoodstore pilot store will be in Croydon

Haji-Ioannou responded to the speculation on the easyFoodstore website

Following on from yesterday’s revelations that easyJet founder Sir Stelios Haji-Ioannou is to launch a budget supermarket chain - easyFoodstore, the entrepreneur has confirmed the pilot store is to be set up in Croydon.

Haji-Ioannou’s easyGroup is targeting “a niche below some of the current budget operators such as Aldi and Lidl” with the easyFoodstore launch.

Joining the ranks of easyHotels, easyOffice and easyGym, easyFoodstore will sell ‘non-branded canned and packed goods’, offering shoppers “reliable day-to-day provision of basic foodstuffs,” according to Haji-Ioannou.

The pilot store will be housed on the ground floor of an easyGroup owned nine-story building on Addiscombe Road, Croydon, which will also feature a number of Haji-Ioannou’s other ventures. If the initial store is a success then there are plans to roll-out the concept on a wider scale.

Speaking via the easyFoodstore website Haji-Ioannou commented: “it is very early days in the project”. Of the Croydon pilot store, he added: “The ground floor will provide a site for a low-risk pilot store easyFoodstore. Concentrating on affordable, basic ‘no brand name’ packet and tinned foods at bargain prices…No other details have been decided yet. I hope that a commercially viable venture offering affordable food will help many people in need as well as produce a viable return for capital employed.”

Haji-Ioannou said if easyFoodstore is to expand in 2014 it could use freehold retail sites, taking advantage of weak property prices. His interest in the grocery market was sparked by the increasing use of foodbanks in the UK, as well as charitable programme ‘Food from the heart’ undertaken by his foundation in Cyprus.

Get the Newsletter

Keep up to date with the latest news and insights.

Subscribe

Gillian West

Gillian West is The Drum’s social media manager and works to ensure The Drum’s content reaches followers across platforms including Twitter, LinkedIn, Facebook and Instagram in an engaging, relevant and timely manner. Based in Glasgow, she has been actively involved in building The Drum’s Creative Works brand for over three years now and has interviewed major creative figures including Rankin, Peter Souter, Rosie Arnold, Bob Greenberg and Vicki Maguire. During her time at The Drum she has attended events such as Cannes Lions, the Edinburgh International TV Festival, Art Director’s Club Europe, D&AD and more.

All by Gillian