A former chief government of Asda has sealed a rescue deal for a web-based butcher which counts Fortnum & Mason and Harrods amongst its prospects.

Sky News understands that Andy Clarke, who left the grocery store big in 2016, has agreed a transaction to purchase Farmison & Co, which collapsed into administration earlier this month.

Mr Clarke is known to have partnered with Gareth Whittle, co-founder of branding company Chilli Marketing, to purchase Farmison.

The worth of the deal was unclear.

Farmison is a premium on-line butcher which sells direct to customers and specialises in sustainable meat merchandise from heritage and uncommon breeds.

Founded in 2011, the corporate relies in Ripon, North Yorkshire.

The overwhelming majority of its workforce, equating to about 75 workers, have been made redundant when FRP Advisory was appointed as administrator simply over two weeks in the past.

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A discover on the corporate's web site mentioned it had "now been acquired by a Yorkshire consortium and we'll be re-commencing operations in the coming weeks".

One restructuring supply mentioned a deal was prone to be introduced as quickly as Monday.

Farmison was owned by Inverleith, a non-public fairness agency which additionally has a stake in Planet Organic, the grocery store chain.

A rescue deal for Planet Organic can be anticipated to happen this week.

Neither Mr Clarke nor FRP may very well be reached for touch upon Sunday night.

Content Source: information.sky.com