Online plant-based food retailer The Vegan Kind has been bought out of administration in a pre-pack transaction.

On 11 October, Interpath was appointed as administrator following a “difficult” 18 months for the business.

The vegan food retailer has subsequently been acquired by Lillie SPV, which is controlled by Literacy Capital, according to a Companies House filing. London-based investment company Literacy Capital had been the majority owner of The Vegan Kind since June.

In a joint statement, the directors of The Vegan Kind said: “The last 18 months, post lockdown, have been difficult for The Vegan Kind but we are pleased, on behalf of the creditors, that the principal shareholder has acquired the business and its assets”.

“This will ensure our customers, up and down the country, can continue to access the widest range of plant-based foods in the UK…We recognise the next few weeks will be a difficult time for our team but we look forward to supporting them and to announcing more exciting plans about the future of The Vegan Kind and the important role it plays in the plant-based community shortly.”

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