London Daily

Focus on the big picture.
Thursday, Jun 01, 2023

Waitrose checks out of talks to take stake in Planet Organic

Waitrose checks out of talks to take stake in Planet Organic

Waitrose, part of the John Lewis Partnership, terminated talks about injecting funding into Planet Organic late last week.
Waitrose, the upmarket supermarket chain, has called off secret talks about a deal that would have involved it taking a stake in Planet Organic, its smaller rival grocer.

Sky News has learnt that Waitrose, part of the struggling John Lewis Partnership, terminated discussions late last week about an agreement.

Retail industry sources said a deal would have seen Waitrose inject millions of pounds into Planet Organic in exchange for a significant shareholding.

The abandonment of the previously confidential talks will come as little surprise given the financial pressures facing Waitrose's mutually owned holding company.

This month, The Sunday Times reported that JLP bosses led by chair Dame Sharon White were exploring a move to sell a minority stake to outside investors for the first time.

Such a move is a reflection of its troubled trading performance and the constraints on its existing capital structure.

Its decision to call off the talks with Planet Organic has left the smaller organic supermarket chain seeking alternative sources of funding.

Insiders said it was now in discussions with a number of other strategic and financial investors, and was attempting to stitch together a deal within the next few weeks.

Planet Organic, which was founded in 1995 by Renee Elliot, has been working with Interpath Advisory on a review of its strategic options since early this year.

The chain, which trades from 13 stores, sells organic food and drink, as well as healthcare and bodycare products.

Like many retailers, its recent performance has been hampered by the pandemic and reduced city centre footfall.

It is understood to have been loss-making in each of its last two financial years.

Planet Organic is run by George Dymond, who took over as its chief executive just over a year ago.

A spokesperson for Planet Organic declined to comment on the talks with Waitrose, but said in February in relation to the wider funding process: "We are working closely with our advisors to help us navigate options to secure further investment.

"This additional funding will enable us to support the next phase of our current growth plans."

Earlier this year, Waitrose announced a deal to stock a range of Planet Organic's health and wellbeing products on its website and in up to 50 of its shops.

Mr Dymond said the partnership was "another really significant development here at Planet".

"As a small and agile business, Planet Organic is able to spot trends and bring innovation to market swiftly, something which will play a really key role in this partnership.

James Bailey, Waitrose's executive director, said: "We see Planet as an ideal partner in offering our customers the best in health and wellbeing products while building on our strategy to take Waitrose products to more customers.

"Their ethos on delivering quality for customers, while prioritising suppliers, the planet and our communities aligns perfectly with ours."

A John Lewis Partnership spokeswoman declined to comment on the negotiations with Planet Organic.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

London Daily
Close
0:00
0:00
America's Got Talent…
You Are So Beautiful
Nvidia Joins Tech Giants as First Chipmaker to Reach $1 Trillion Valuation
Postmodern Jukebox European Tour Version
Drone Attack on Moscow's Wealthiest Neighborhoods Suspected to be Launched by Ukraine
An old French tune (by Georges Brassens) Pomplamoose ft. John Schroeder
Elon Musk Meets Chinese Finance Minister in Beijing
Sattahip Motor Show 20
UK Prime Minister Rishi Sunak to Hold Power Talks with President Biden in Washington
SONATE AU CLAIR DE LUNE - Moonlight sonata
AI ‘extinction’ should be same priority as nuclear war – experts
A kiss to build a dream on
Prominent Hacker Forum RaidForums Suffers Substantial Data Breach
Wonderful Tonight - Eric Clapton (Boyce Avenue acoustic cover)
Climate cultists thought they had sabotaged another beautiful event — then the cameraman had his revenge.
Mean Blues
Nvidia CEO Huang says firms, individuals without AI expertise will be left behind
La Chansonnette
WPP Revolutionizes Advertising with NVIDIA's AI Powerhouse
Pattaya Addicts
Two US Employees Fired For Chasing Robbers Out Of Store As They Broke ''Company Policy''
Franz Liszt - Liebestraum - Love Dream
Pfizer, the EU, and disappearing ink - Smoke, Mirrors, and the Billion-Dose Pfizer Vaccine Deal: EU's 'Open Secret
Dream a little dream of me
Actor Tom Hanks told Harvard University graduates to be superheroes in their defense of truth and American ideals, and to resist those who twist the truth for their own gain
Unchained Melody sung like you've NEVER heard!
The Sussexes' Royal Rebound: Could Harry and Meghan Markle Return to the UK?
Dave Brubeck - Take Five
A provocative study suggests: Left-Wing Extremism and its Unsettling Connection to Psychopathy and Narcissism
Édith Piaf - Non, Je Ne Regrette Rien (Sofie)
France Arrests 10 on Suspicion of Failing to Respond in Time to Migrant Drowning
Rondo Alla Turca
Neuralink Receives FDA Approval for First-in-Human Clinical Study
Kiss of fire
Ukrainian Intelligence Official Admits to Assassination Attempts on Putin
Tom Jones - I´ll Never Fall In Love Again 1967, 1989, 2001
WATCH THIS: democracy in Russia is so bad!
Israel Cachao López - Guajira Clásica
Ed Davey: It is possible for a woman to have a penis
Edward Maya - Stereo Love (feat. Vika Jigulina) (Extended Mix)
Bernard Arnault Loses $11.2 Billion in One Day as Investors Fear Slowdown in US Growth Will Reduce Demand for Luxury Products
Strauss - Radetzky March - Karajan
Russian’s Wagner Group leader: “I am not a chef, I am a butcher. Russia is in danger of a revolution like in 1917.”
La vie en rose
TikTok Sues Montana Over Law Banning the App
The Temptations - My Girl (Smokey Robinson Tribute) 2006 Kennedy Cent
Ron DeSantis Jumps Into 2024 Presidential Race, Setting Up Showdown With Trump
Orlando Cachaito Lopez Redencion
Steve Jobs introducing Apple's iPhone, exactly 16 years ago.
Edith Piaf - NON, JE NE REGRETTE RIEN
Banking Behemoth vs Ex-Boss: The PMorgan-Epstein Entanglement
RADETZKY MARCH-2008-Wien, New Year Concert
China overtakes Japan as world's top car exporter
Only you (And you alone)
Banking Behemoth vs Ex-Boss: The PMorgan-Epstein Entanglement
Strangers In The Night
Elon Musk's SpaceX and Italy's Unipol join forces to help Italians hit by flooding
Charles Aznavour - La Boheme
Talks between US House Republicans and President Biden's Democratic administration on raising the federal government's $31.4tn debt ceiling have paused
Summer time
Biden Administration Eyeing High-Profile Visits to China: The Biden Administration is heating things up by looking into setting up a series of top-level visits to Beijing by top officials in the coming months
Sting and Stevie Wonder - Fragile (from Sting's 60th birthday concert)
New evidence in special counsel probe may undercut Trump’s claim documents he took were automatically declassified
Aux Champs Elysees
A French court of appeals confirmed former President Nicolas Sarkozy's three-year jail term for corruption and influence peddling
Stand By Me - Ben E. King (Boyce Avenue acoustic cover)
Debt Ceiling Crises Have Unleashed Political Chaos
La Mer (Beyond the Sea) – Avalon Jazz Band
Weibao Wang, a former software engineer at Apple, was charged with stealing trade secrets related to autonomous systems, including self-driving cars
She
Mobile phone giant Vodafone to cut 11,000 jobs globally over three years as new boss says its performance not good enough
Nathalie Song by Enzo Petrachi Stjepan Hauser Cello
Elon Musk compares George Soros to Magneto, the supervillain from the Marvel Comics series.
Shape of My Heart - Sting (Boyce Avenue acoustic cover)
Warren Buffett Sells TSMC Shares Over Concerns About Taiwan's Stability
Radiohead - Creep
New Study Finds That Secondary Bacterial Pneumonia Is a Major Cause of Death in COVID-19 Patients Who Require Ventilator Assistance
Quizás,Quizás,Quizás - Andrea Bocelli - Jennifer Lopez
Vienna: Passenger Plays Hitler Speeches on Train, Causes Panic
Perhaps, Perhaps, Perhaps - Multi-Couples
Remarkable video from our Fox drone team
Pentatonix Havana
The official tapes of Trump's deposition in the E. Jean Carroll battery (rape) and defamation case have been released.
Paula Cole - Autumn Leaves
Here is the full video that the media are purposely not sharing
Oscar Benton Bensonhurst Blues
King Charles III being crowned.
OH NANANA vs ABUSADAMENTE
Newly released video of Donald Trump’s rape trial deposition:
Nina Simone - ”I Put A Spell On You”. Vezi aici cum cântă Jeremy Ragsd
Video: Ukraine MP Punches Russian Representative At Global Meet
NIGHTWISH - The Phantom Of The Opera
Russia accused Ukraine of attacking the Kremlin with drones in an attempt to kill Putin
Motorshow 2016 Tanjay Negros Oriental
Ahead of King Charles’ coronation, British guards rehearse in the middle of the night in London
Monica Bellucci - Ti Amo
Dutch court orders man who fathered 550 kids to stop donating sperm
Michael Jackson - Billie Jean Milena The Voice France 2018
Kim Kardashian Lookalike Christina Ashten Dies Of Cardiac Arrest, Hours After Plastic Surgery
Michael Buble (Help Me Make It Through The Night) feat Loren Allred
Memories Canon In D - Maroon 5 (Boyce Avenue piano acoustic cover)
Matteo Simoni - Marina
Maroon 5 - One More Night
Maroon 5 - Memories
Mark Knopfler - Brothers In Arms (Berlin 2007 Live)
Mark Knopfler & Emmylou Harris - Romeo And Juliet (Real Live Roadrunni
Marina, Marina - The LUCKY DUCKIES intimist live concert at Guimarães
Major Lazer & DJ Snake – Lean On Mauranne The Voice France 2016
Love Theme from Romeo and Juliet - Joslin - Henri Mancini, Nino Rota
LoLa & Hauser - Love Story
Linkin Park Jay-Z - Numb Encore (Live 8 2005)
Hallelujah Mennel Ibtissem, The Voice France Leonard Cohen
Leonard Cohen - Dance Me to the End of Love
Leonard Cohen & Natasha Rostova - Dance me to the end of love
La casa de papel - Bella Ciao
La Camisa Negra
L'italiano (Toto Cutugno) - The Gypsy Queens
Juanes - La Camisa Negra
Jonathan and Charlotte - Britain's Got Talent 2012 Live Semi Final - U
John Powell - Assassin's Tango
Joe Cocker - You Can Leave Your Hat On (LIVE in Dortmund)
Joe Cocker - Unchain My Heart 2002 Live
Joe Cocker - A Whiter Shade Of Pale
Jay Z & Alicia Keys - Empire State of Mind LIVE
Jason Mraz - Im Yours (live)
Jarrod Radnich - Bohemian Rhapsody - Virtuosic Piano Solo
James Blunt - You're Beautiful
James Blunt - You're Beautiful & Bonfire Heart (Live at The Nobel Peac)
If You Go Away - Helen Merrill & Stan Getz (Tribute to Virna Lisi)
I'LL BE MISSING YOU
I Say a Little Prayer
Hotel California ( Eagles ) 1994 Live
Historia de un amor - Luz Casal. Vezi interpretarea Biancăi Sumanariu
Here Comes The Sun - The Beatles (Boyce Avenue acoustic cover) on Spot
Heart - Stairway to Heaven Led Zeppelin - Kennedy Center Honors
HAVANA by Camila Cabello Zumba Pre Cooldown TML Crew Kramer Pastra
HAUSER and Señorita - I Will Always Love You
HAUSER - Waka Waka
HAUSER - Sway
HAUSER - Lambada
HAUSER - Historia de un Amor
HAUSER - Despacito
Great Pretender
Georgia May Foote & Giovanni Pernice Samba to 'Volare' - Strictly Come
Gary Moore - Still Got The Blues
GIPSY KINGS VOLARE Penelope Cruz
Fugees - Killing Me Softly With His Song
French Latino - Historia de un Amor
For A Few Dollars More The Danish National Symphony Orchestra (Live)
Flashdance • What a Feeling • Irene Cara
Filip Rudan - “Someone You Loved” Audicija 4 The Voice Hrvatska Sez
Eric Clapton - Wonderful Tonight
Enya - Only Time
Enrique Iglesias - Bailando (English Version) ft. Sean Paul
Enrique Iglesias - Bailamos
Elena Yerevan Historia de un amor
Ed Sheeran - Shape of You (Official Music Video)
Ed Sheeran - Perfect Symphony [with Andrea Bocelli]
Ed Sheeran - Perfect (Official Music Video)
Easy On Me - Adele (Boyce Avenue 90’s style piano acoustic cover) on S
ERA - Ameno
ELENA YEREVAN- Cancion Del Mariachi-IN STUDIO-2017 DPR
Dust In The Wind - Kansas (Boyce Avenue acoustic cover)
Don't Let Me Be Misunderstood
Despacito x Shape Of You - Pentatonix
Deep Purple - Child In Time - Live (1970)
David Foster When A Man Loves A WomanIt's A Mans World (SealMichael Bo
Dance me to the end of Love ( Pi-Air Design )
Coolio - Gangsta's Paradise (feat. L.V.) [Official Music Video]
Conquest Of Paradise (Vangelis), played on Böhm Emporio organ
Cielito Lindo
Chico & The Gypsies - Bamboleo
Canción Del Mariachi - Antonio Banderas, Los Lobos • Desperado
Camila Cabello - Havana (Audio) ft. Young Thug
Camila Cabello - Havana ( cover by J.Fla )
California Dreamin' - The Mamas & The Papas José Feliciano (Boyce Ave
Buster Benton - Money Is The Name of The Game
Hallelujah Pentatonix
Bobby McFerrin - Don't Worry Be Happy (Official Music Video)
Bob Dylan - Knockin' On Heaven's Door Emilia The Voice Kids France
Besame Mucho - Cesaria Evora
Ben E. King - Stand by Me Sax Cover Alexandra Ilieva Thomann
Bella Ciao
Bella Ciao - INSTRUMENTAL
Beautiful in White x Canon in D (Piano Cover by Riyandi Kusuma)
Bad Romance - Vintage 1920's Gatsby Style Lady Gaga Cover ft. Ariana Savalas & Sarah Reich(1)
BELLA CIAO 2020 - KARAOKE ITALIANO
BAMBOLEO - Gipsy Kings • Antonio Banderas, Katya Virshilas
BAILANDO (original)
Awesome Ukrainian yodeler - SOFIA SHKIDCHENKO (with English subtitles)
Avicii - The Nights
Atom - The Great Gig in the Sky
Aretha Franklin - (You Make Me Feel Like) A Natural Woman (Official Ly
Antonio Banderas - Cancion del Mariachi (Desperado)
André Rieu - Zorba's Dance (Sirtaki)
André Rieu - Can't Help Falling In Love
André Rieu & Mirusia - Ave Maria
Andrew Reyes Elton John - Don't Let The Sun Go Down The Voice 2020 (
Andreas Kümmert Whiter Shade Of Pale The Voice of Germany 2013 Showd
And I Love You So
All About That Bass - Postmodern Jukebox European Tour Version
Alan Walker - Faded (Piano Cover)
Ain't No Sunshine -- Bill Withers (cover by Canen 12 y.o.)
African music
Adriana Vidović - “Creep” Audicija 4 The Voice Hrvatska Sezona 3
Adriana Vidović - “Believer” Nokaut 3 The Voice Hrvatska Sezona 3
A Fistful of Dollars - The Danish National Symphony Orchestra and Tuva
4 Beautiful Soundtracks Relaxing Piano [10min]
2CELLOS - Whole Lotta Love vs. Beethoven 5th Symphony [OFFICIAL VIDEO]
2CELLOS - Smooth Criminal (Live at Suntory Hall, Tokyo)
2CELLOS - Smells Like Teen Spirit [Live at Sydney Opera House]
2CELLOS - Despacito [OFFICIAL VIDEO]
13 Year Old Girl Playing Il Silenzio (The Silence) - André Rieu
094.All About That Bass
00 - SADNESS PART 1
(Ghost) Riders In the Sky (American Outlaws Live at Nassau Coliseum, 1
(Everything I Do) I Do It For You - Bryan Adams (Boyce Avenue ft. Conn
What a wonderful world
Moon river
×