Spencer's Retail to buy Nature's Basket in $43 million deal
Nature`s Basket competes with the likes of Future Retail Ltd owned Food Hall, as well as Alibaba Group backed online grocery company Bigbasket. "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.
![Spencer's Retail to buy Nature's Basket in $43 million deal Spencer's Retail to buy Nature's Basket in $43 million deal](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_850x478/public/2019/05/17/87215-spencer-ow.png?itok=7V_2IDyd&c=63ede30e6615a5979851db19fe353a2b)
India`s Spencer`s Retail Ltd will buy upmarket grocery chain Nature`s Basket from Godrej Industries for 3 billion rupees, Photo: www.spencersretail.com