Talking Retail Grocery and product news for independent retailers
The funding has helped the retailer buy the Hall Crescent premises and finance the refurbishment of the property.
The business, which is owned by husband-and-wife team Franco and Audrey Margiotta and their four children, purchased its new premises for £330,000 and has spent £250,000 on the fitout.
The opening of the new store will bring approximately 15 jobs to the area and support local East Lothian suppliers, including flour supplier Mungoswells Malt & Milling, potato supplier Luffness Mains Farm and organic fruit and vegetable growers Phantassie.
The new store will also stock homeware, including popular brands such as Joseph & Joseph, LSA Glassware, and Le Creuset.
Franco Margiotta, managing director at Margiotta, said: “As we have grown over the years, we have continued to strive to offer a personal and local offering to the communities we serve. We’re excited to get to know our customers in Gullane and to build relationships with a new network of local suppliers in this next stage of Margiotta’s journey.
“The support from HSBC UK has been critical in allowing us to build our modest family business and we’re thankful to them and our customers who have supported us over the years.”
The retailer opened its first store in the early 1970s and now has a portfolio of nine stores – seven of which are in Edinburgh.
