Indian grocery chains merge to create national network

Asia .
Indian grocery chains merge to create national network

Inside Retail Asia: Two regional Indian grocery retail chains are effectively merging, creating a national player. Spencer’s Retail, part of RP Sanjiv Goenka Group, says it will pay US$42.76 million to acquire upmarket grocery chain Nature’s Basket from Godrej Industries.

The deal will give Spencer’s access to the western part of India through 36 stores of Nature’s Basket in Mumbai, Pune and Bengaluru, according to Shashwat Goenka, head of RPG. It will also strengthen the company’s omnichannel capability. Full orriginal article: https://insideretail.asia/2019/05/22/indian-grocery-chains-merge-to-create-national-network/#daily

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