Planet Organic rescued by founders but three London stores will close RETAIL The founders of Planet Organic have bought the business back from administrators in a bid to keep the health-focused grocery store alive, but four stores will be forced to close as part of the process. Advisors Interpath sold the struggling chain to Bioren Limited, a business that was set up last month by the founders [...]
Planet Organic calls in advisers as it views sale to fund £30m growth plans Organic food Last September, the organic grocer said that it was looking to raise £30m over the next two years to help with the roll out of over 100 stores across the UK.
What next for Waitrose? Supermarket quits Planet Organic talks after John Lewis fiasco Waitrose Waitrose has pulled out of secret talks to acquire a stake in rival health supermarket Planet Organic. The high-end supermarket, which is part of the John Lewis Partnership, ceased discussions late last week about a possible agreement, according to reports first published in Sky News, Sources told the outlet that the deal would have meant [...]
Nearly 120,000 retail jobs lost in 2023, report suggests January 8, 2024 The numbers of jobs lost in British retail dropped last year, but 120,000 people still lost their employment, figures have suggested.
‘Feeding time’: Why one retail group is on the hunt for distressed operators June 4, 2023 A business group which rescued upmarket chocolatier Montezuma from collapse has said it is looking to continue on its acquisition spree – noting that the current tough trading climate is “feeding time” for stronger players in the market. “In recent years, there have been so many distressed businesses that we have been able to pick [...]
Explainer: If the middle class can’t afford electric cars, what about everyone else? February 23, 2023 Green innovation always had one big problem to grapple with: affordability. Healthy, organic food is great, but not as long as it’s affordable only for the privileged few clients of Planet Organic. A pair of sustainable socks can cost you up to £30. This is not to say that those who can afford to make [...]
Ex-Asda boss secures rescue deal of upmarket online butcher April 24, 2023 The former boss of supermarket Asda has led a rescue of an upmarket online butcher that counts the likes of Harrods and Fortnum & Mason among its customers. Andy Clarke – who was chief executive of Asda from 2010 until 2016 – headed up a group of investors to buy Farmison & Co, which collapsed [...]
Smile Makers: Changing the face of the female sexual wellness industry February 14, 2024 Smile Makers is on a mission to shake up conservative views on women’s sexual wellness, by making it more inclusive.
The Notebook: Victoria Scholar on the retail winners this year November 9, 2023 Where the City’s movers and shakers get a few things off their chest. Today, it’s Victoria Scholar of Interactive Investor
Former Sainsbury’s boss backs Ellie Goulding’s hard seltzer brand July 6, 2021 Former Sainsbury’s chief executive Justin King has made a “significant” investment in Ellie Goulding’s hard seltzer drinks brand and joined the board as a senior adviser. Served, which was founded by brothers Dean and Ryan Ginsberg last year, has seen its revenue surge in recent months and was valued at £13.6m after a funding round [...]