Sainsbury’s joins queue of buyers eyeing Planet Organic discount
J Sainsbury, the grocery store large, has joined a queue of bargain-hunting buyers inspecting a last-ditch rescue of the Planet Organic model.Sky News has learnt Sainsbury's has pitched a proposal for Planet Organic's identify and mental property belongings in a deal that may most likely be carried out via an insolvency course of.
Retail trade sources mentioned the grocery store's curiosity was "speculative" and downplayed the probabilities of a deal going down.It comes after rivals, together with Waitrose, have additionally held talks with Planet Organic's advisers at Interpath Advisory a few deal.Last week, Sky News revealed the well being meals chain Holland & Barrett was additionally weighing an eleventh-hour bid for the natural meals and private care chain.
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