The LetterOne-owned retailer is exploring an eleventh-hour deal to acquire the Planet Organic brand and other assets, Sky News understands.
The health foods chain Holland & Barrett is weighing a last-ditch rescue bid for Planet Organic, the food and personal care retailer which stands on the brink of collapse.
City sources said that H&B's interest resides in its target's brand and intellectual property rather than its portfolio of 13 stores. One insolvency industry practitioner said on Wednesday that Planet Organic had decided to seek an extension to a notice of intention to appoint administrators that it had lodged late last month.Sky News previously reported that Planet Organic's potential buyers include Redbus Ventures, an investment vehicle set up by one of the founders of Lovefilm.
For Holland & Barrett, which has a supplier relationship with Planet Organic, a deal would make strategic sense although it would represent small change in financial terms.A sale of the business was increasingly likely to take place through a pre-pack administration process.Planet Organic chief executive George Dymond told staff last month that it had"not got back to the levels of sales that we were seeing before the pandemic".
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
aden + anais release new organic baby products rangeMother&Baby roundup the best aden + anais baby products. This buyer’s guide includes muslins, feeding and sleeping products.
Weiterlesen »
Mental health blogger: 'Paddling around Scotland is a delight'Mental health blogger Nick Ray continues his kayak trip around Scotland, despite a health scare.
Weiterlesen »
Sir David Attenborough warns we have a ‘few short years’ to fix the natural worldRepairing our relationship with the planet ‘starts and ends with us’, Sir David said
Weiterlesen »
Why Microsoft's Phoenix DCs are dropping evaporative coolersWhy Microsoft is really abandoning evaporative coolers at its Phoenix DCs
Weiterlesen »
Impact of Guaranteed Income on Health, Finances, and Agency: Findings from the Stockton Randomized Controlled Trial - Journal of Urban HealthThe purpose of this experiment was to test the effects of a $500 per month guaranteed income for 2 years on health and financial outcomes. A mixed-methods randomized controlled trial in Stockton, CA, USA enrolled 131 individuals to the treatment condition and 200 to control to receive a guaranteed income from February 2019 to January 2021. Quantitative data collection began 3 months prior to allocation at 6-month intervals concluding 6 months after withdrawal of the intervention. Qualitative data collection included 105 interviews across 3 stages. The primary outcomes were income volatility, physical and mental health, agency, and financial wellbeing. The treatment condition reported lower rates of income volatility than control, lower mental distress, better energy and physical functioning, greater agency to explore new opportunities related to employment and caregiving, and better ability to weather pandemic–related financial volatility. Thus, this study provides causal evidence of positive health and financial outcomes for recipients of guaranteed income. As income volatility is related to poor health outcomes, provision of a guaranteed income is a potentially powerful public health intervention.
Weiterlesen »