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The big player in the convenience sector raised prices for farmers in 2012.
"The convenience sector will be integral to our growth and opening in King's Cross station feels like a natural step for our business," he said.
It's the convenience sector that has been the biggest beneficiary of the change in shopping habits.
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Philips suggested Morrisons was struggling because it entered the fast-growing online grocery market and convenience store sector later than its rivals.
Mr Potts said Morrisons would not rule out a move into the convenience store sector in the future, but added: "Convenience is a large and growing channel in UK food retailing.
It has been criticised for being slow in moving into the convenience store sector and setting up an online operation.
Morrisons has been criticised for being slow in moving into the convenience store sector, as well as in setting up an online operation.
"The majority of this impact will fall on the convenience goods sector which would lose up to 19% of its 2017 turnover levels".
Mr Philips was under pressure for Morrisons' poor trading performance, in particular for delays in moving into the convenience store sector and setting up an online operation.
Sales of cheese analogues are closely linked to developments in the convenience food sector, where they extend the supply and lower the cost.
The supermarket has already announced £1bn in price cuts over three years, launched an online operation, expanded its presence in the convenience store sector and moved to update antiquated IT systems.
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