Planet Organic, the organic supermarket chain, has drafted in City advisers to explore a possible sale.
Sky News has learnt that Planet Organic, which was founded in 1995 by Renee Elliot, is working with Interpath on a review of its strategic options. A source close to the process said this weekend that the company was seeking funding to help deliver its growth plans.It trades from 13 stores, predominantly in London, and is about to open another in Teddington in the southwest of the capital.Like many retailers, its recent performance has been hampered by the pandemic and reduced city centre footfall.
Making a loss: due to Brexit, cost of living crisis, being too London centric and, most importantly, their stuff being ridiculously expensive.
Who ?
lockdowns & mandates created lots of economic problems.
I believe in Xmas. I don’t believe in Easter coz it wasn’t Jesus that went on the cross, it woz a lookalike. Jesus woz taken to heaven by Almighty God in his physical form and will return
Supermarket chain Planet Organic hires advisers to explore sale