Inverleith LLP, the specialist consumer brands investor, has taken a majority stake in Planet Organic, the London health and wellbeing supermarket, food-to-go chain and online retailer. Inverleith has injected equity into the Company to expand the existing store footprint in London, to more than double the current portfolio of stores over the next 5 years.
Ben Thomson, Chairman of Inverleith LLP commented, “This is an interesting time of change for the High Street with shoppers wanting more community-based shopping. Consumers are looking for an experience when they shop and for real knowledge about the products offered. They care deeply about the quality and provenance of products they buy and increasingly search for items which help them lead a holistic healthy lifestyle.
“Planet Organic is the original, oldest and best organic supermarket chain in the UK. It has a fantastic depth of knowledge and heritage in food, beauty and health. Shoppers can sit in, enjoying healthy smoothies, juices and have a bite to eat, they can take food away or they can shop for food, health and beauty products.
“This is the sort of shopping that is the future of the high street and we are pleased to be helping Planet Organic to open in other locations around London”.
Planet Organic currently has seven stores across London, three in the centre of London at Devonshire Square, Torrington Place and Tottenham Court Road and a further four at Muswell Hill, Wandsworth, Westbourne Grove and Islington. Planetorganic.com delivers nationwide and offers a popular collect in store service for the communities near the London stores.