Eros Retail has opened its ninth Greens store after receiving a £945,000 finance package from HSBC Bank.
The company, run by former SLR Rewards Retailer of the Year Harris Aslam (pictured), also plans to open four more stores – two by April – with the funds.
The new opening is a Greens Local in the Fife town of Cardenden.
Eros Retail employs 145 staff, but this latest round of expansion will see the total rise to 200.
The company’s last growth spurt came in 2017, when it opened a Little Greens in the Fife village of Coaltown of Balgonie and a Greens in Dundee city centre.
All of the stores operate under the Nisa fascia. Little Greens is a smaller store format with a focus on food-to-go, while Greens Local is the chain’s value store proposition.
Commenting on the launch, Harris said: “We pride ourselves on creating a unique shopping experience for our customers and wanted to work with a bank that understood our business ambitions. We’re looking forward to furthering this growth in a sustainable manner with the support of HSBC UK.”
Susan Rowand, Head of Business Banking for HSBC in Scotland, said: “We’re thrilled to support Eros Retail as it continues to meet an increasing demand for accessibility to quality products and customer service in local communities despite a challenging market for retailers.”