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Spencer's to buy Nature's Basket from Godrej for ₹300 crore
short by Krishna Veera Vanamali / on Friday, 17 May, 2019
RP Sanjiv Goenka Group's Spencer's Retail on Friday announced it will buy upmarket grocery chain Nature's Basket from Godrej Industries for ₹300 crore. Nature's Basket, which reported sales of ₹338 crore last fiscal, currently operates 36 stores in Mumbai, Pune and Bengaluru. Spencer's runs 156 convenience stores and hypermarkets across 39 cities in the country.
read more at Reuters