// Planet Organic hires Interpath advisers to explore a possible sale

// The company, which trades from 13 stores, is looking for funding

Planet Organic has hired advisers to explore a possible sale of the business.

The organic supermarket chain is working with Interpath on a review of its strategic options.

The company, which trades from 13 stores, is looking for funding in an effort to deliver on its growth plans, Sky News reported.

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Planet Organic is currently looking to open a new store in Teddington in the southwest of London.

The retailer recently closed its store in London’s Wandsworth. It has been affected by the pandemic and reduced city centre footfall.

“We are working closely with our advisors to help us navigate options to secure further investment,” Planet Organic said.

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