Scottish private equity firm Inverleith has taken a majority stake in London-based retailer Planet Organic, unveiling plans to double the organic supermarket’s store count over the next five years.
Inverleith has made an equity investment into the company, which currently has seven stores in London, to grow its footprint.
Planet Organic, the UK’s largest fully-certified organic supermarket, generates over £30m in revenue, with 60,000 customer interactions per week. As well as selling food, beauty and health products, it also operates several cafes across its stores. It last opened a new location at Tottenham Court Road in 2015.
Ben Thomson, chairman of Inverleith, said the supermarket offered “the sort of shopping that is the future of the high street”.
“Consumers are looking for an experience when they shop and for real knowledge about the products offered,” he said.
Planet Organic chief executive Peter Marsh said: “Most of our employees have been at Planet Organic for many years and are looking forward to serving wider London communities.”