Convenience store chain secures £1.3 million from HSBC UK for rapid expansion

Greens Retail is set to expand across Scotland thanks to £1.3m HSBC UK funding

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FIFE-based convenience retailer Greens Retail is expanding across Scotland and doubling its turnover a thanks to a £1.3 million funding package from HSBC UK.

The funding is enabling the family-owned business to carry out an acquisition strategy, and open nine new Greens stores this year. The retailer will open sites in Aberdeenshire and Dundee later this year after having recently opened stores in Inverurie, Peterhead, Kinross, Kirriemuir, Shettleston and Fraserburgh.

The acquired stores will operate under the Greens brand and are projected to create 160 new jobs across all new stores.

Greens Retail currently owns nine stores in Scotland and these recent acquisitions are taking the total to 13.

Harris Aslam, Director at Greens Retail, said: “We’ve been working to evolve the convenience sector since our arrival in 2014 by concentrating on partnering with local suppliers to provide our stores with fresh produce. Thanks to HSBC UK, we can continue to do this and reduce food miles, while introducing customers to interesting and exciting suppliers on their doorstep.”

Tim Laundon, Relationship Manager at HSBC UK, added: “Greens Retail have a clear commitment to serving the community.  The opening of these new stores will boost both the local economy and employment in these areas. We look forward to seeing the success of the new branches over the coming months.”

The retailer works in partnership with many other concessions across Scotland including Fisher & Donaldson bakery, Costa Express and Skwishee. 

Greens Retail, formerly known as Eros Retail, completed a rebrand last month to boost their brand identity. As part of this rebrand, Greens Retail has set out to focus on four P’s: People, Place, Product and Planet.

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