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Planet Organic co-founder rescues chain

The co-founder of Planet Organic has acquired the grocery chain out of administration as part of a pre-pack rescue, saving 10 stores in London.

Co-founder Renée Elliott has bought back the chain, saving 265 out of 329 jobs.

The remaining four stores excluded from the deal, in Henley-on-Thames, Bermondsey, Teddington and Tottenham Court Road, will close immediately.

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