Planet Organic has appointed advisers for a potential sale of the business.
The organic supermarket chain, which was founded in 1995, is working with Interpath on a review of its strategic options.
The company, which trades from 13 stores, is looking for funding in an effort to deliver on its growth plans, Sky News revealed in a recent report.
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A source close to the process said that the company was seeking funding to help deliver its growth plans, as Planet Organic is currently looking to open a new store in Teddington in the southwest of London.
The retailer recently closed its store in London’s Wandsworth, which was badly hit by the pandemic.
“We are working closely with our advisors to help us navigate options to secure further investment,” Planet Organic said.
“This additional funding will enable us to support the next phase of our current growth plans.”
It comes as upmarket retailer Waitrose joined forces with Planet Organic in November to stock its range of health-based products across its supermarkets and online stores.
