Holland and Barrett eyes move for Planet Organic
Waitrose, owned by the John Lewis Partnership, pulled out of a deal to acquire Planet Organic in March
Health foods chain Holland and Barrett is reportedly weighing up a last minute rescue deal for Planet Organic, according to reports from Sky News.
Reports suggest that Holland and Barrett, which already has a supplier relationship with the company, is one of a number of suitors who are interested in acquiring Planet Organic.
It is thought that Holland and Barrett is more interested in Planet Organic’s brand and its intellectual property rather than its portfolio of 13 stores.
One source told Sky News that Planet Organic had decided to seek an extension on its notice to appoint administrators which gives it till close to the end of the month to strike a deal.
Waitrose, owned by the John Lewis Partnership, pulled out of a deal to acquire Planet Organic in March.
Retail Sector has approached Holland and Barrett for comment.