Feeds

Stelios to flog cybercafe sites

Easydownsizing.com

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Stelios Haji-Ioannou - the founder of no frill airline Easyjet - is to restructure his Internet café business in favour of smaller concession operations in burger bars and supermarkets.

The colourful entrepreneur is to close his main easyInternetcafe site in Oxford Street, according to commercial property mag, Property Week.

Other easyInternetcafe sites in London, Manchester, Edinburgh and Glasgow are also set to be flogged as Stelios ditches "mega" cybercafes in favour of smaller sites in established premises.

Stelios told Property Week: "I still believe people have a need for Internet businesses, but it is not about running megastores."

Instead, Stelios is already working on getting his cybercafes in existing outlets including McDonald's, Burger King, and supermarket chain Sainsbury's.

But in a statement, a spokesman for Stelios said easyInternetcafe denied the company was closing its large London stores.

"The company has been advised that it can get a sizable premium (make a cash profit) on the sale of the lease of its Oxford street outlet. Only the Oxford street lease has been put on the market.

"The other four London 'megastores', which are only a small part of the overall easyInternetcafe estate of almost 70 stores in nine countries, will be reviewed from time to time as the property market hots up.

"easyInternetcafe wants to be in the internet access business rather than the property business," he said. ®


Related stories

Ryanair, Stelios in telecoms departure
EasyInternet abandons CD burning court appeal
Not so Easy Everything gets £15m

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.