Word: easygroup
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Dates: during 2000-2009
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STELIOS HAJI-IOANNOU, easyGroup head, defending the windowless chambers in his London easyHotel, where rooms rent for $36 a night
...latest cheap-and-cheerful venture from Greek-Cypriot entrepreneur Stelios Haji-Ioannou. Ten years after U.K.-based easyJet - now one of the largest intra-European airlines - took off, there's an easy way to do almost anything. In the last six months alone, the easy brand - owned by Stelios' easyGroup - has lent its name to an online movie-rental operation, a mobile-phone operator and a pizza-delivery service. Expect budget motor insurance this month, and a bare-bones hotel in west London starting in July. To hear Stelios - as everyone calls him - tell it, easyGroup is the little...
...seems to be heating up. Saudi investor Prince Alwaleed bin Talal is in talks to buy London 's Savoy Hotel for at least $360 million. Ian Schrager has FOR SALE signs up at two London sites, the swanky Sanderson and the St. Martins Lane Hotel. Stelios Haji-Ioannou's easyGroup is launching a chain of no-frills easyHotels in early 2005. And Simon Woodroffe - the man behind the YO! Sushi conveyor-belt eateries - is opening Yotel, cramming luxury into tiny, 10-sq-m rooms, inspired by Japan 's "capsule" hotels, for $135 a night. "It's budget chic," says Yotel...
...then in June, Apple launched iTunes in Britain, France and Germany, offering a wider selection of songs for less money ($1.44 each). In its first week in Europe alone, iTunes sold 800,000 tracks. Napster and the Sony Connect store also have competing music sites, and WalMart and EasyGroup, parent company of EasyJet, are looking to launch their music-download services. Coke execs are debuting their site in Austria and promoting it heavily on the sides of cans, but they must be wishing for the days when Pepsi was all they had to worry about. --By Chris Taylor...
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