Announced
Financials
Sources
Tags
Pending
Private
Food Retailers and Wholesalers
Friendly
Acquisition
India
upmarket supermarket
Single Bidder
Synopsis
India’s Spencer’s Retail, a part of RP Sanjiv Goenka Group, agreed to acquire upmarket grocery chain Nature's Basket from Godrej Industries for INR3bn ($43m). Spencer's runs its own grocery stores in parts of the country. "Nature's Basket has a strong portfolio of private label brands which has huge traction with its consumers," Goenka said, adding that RPG would also benefit from the chain's online grocery business.
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