Planet Organic, the certified organic supermarket chain has had its future secured after administrators from Interpath Advisory sold the majority parts of the business and its assets to Bioren Ltd, whose shareholders include the founders of Planet Organic namely Renee and Brian Elliott.
The deal will see 10 Planet Organic stores continue to trade in locations throughout London safeguarding 265 jobs. Four stores were not included as part of the transaction and will close with immediate effect, resulting in 64 redundancies.
Will Wright and Chris Pole from Interpath Advisory were appointed joint administrators to Planet Organic Ltd on 25th April and immediately following their appointment, the joint administrators concluded the sale of the business and majority of assets to Bioren Ltd.
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