Planet Organic to open new shops in Bermondsey and north London

Joanna Bourke
·1-min read
Planet Organic is looking to open more shops (Planet Organic)
Planet Organic is looking to open more shops (Planet Organic)

Planet Organic is expanding with new branches planned in Bermondsey and two in north London, the upmarket grocer revealed as it reported revenue growth.

The company, which was founded in 1995 and now has 11 branches, said the Bermondsey store, which will have over 2000 square feet of trading space, will open in September.

Chairman Ben Thomson told the Evening Standard that two further sites are planned in north London in 2021.

Thomson, said: “More and more customers want to know that the products they are eating and drinking are healthy for them and suit their particular diet. They also want to know that their retailer is trying as hard as possible to reduce packaging and waste.”

He added: “As these consumer trends continue, we want Planet Organic to reach more of these customers both through opening more community stores as well as online.”

Expansion comes after a period where Planet Organic saw sales rise, but did encounter disruption from Covid-19.

It was allowed to keep main shop floor space open during lockdowns, but not the cafe areas for the whole time, and footfall was weaker in central London.

During the 12 months to August 29 it completed a purchase of London chain As Nature Intended. Planet Organic’s total turnover increased 16% to £40.7 million, but pre-tax losses widened to £2.5 million from a £655,217 loss. That was partly linked to acquisition costs and investments in digital to boost its online arm.

Planet Organic saw sales improve in the year to August 2020Planet Organic
Planet Organic saw sales improve in the year to August 2020Planet Organic

Thomson said ecommerce demand has soared, but added: “I still think the high street is going to be important.”

The company is majority owned by private equity firm Inverleith.

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