Holland & Barrett weighs up last-minute Planet Organic bid
Holland & Barrett, which is owned by Russian-linked investment group LetterOne, may be in talks to acquire struggling grocery chain Planet Organic and other assets, Sky News has reported.
LetterOne is among the last few buyers who remain interested in the Planet Organic brand after it appointed City advisers to explore a possible sale of the business.
The grocery chain reported losses of £2.5m in 2020, increasing to £3.4m in 2021, and an almost 8% fall in revenue to £37.6m in the year to 28 August 2021.
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