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Godrej Interio plans to tie-up with local carpenters as it seeks to enter into premium custom-designed furniture market in select cities. (Representational image)

Spencer's to buy Godrej's Nature's Basket

Analysts said consolidation is the way forward in retail industry, as scale matters most in this low-margin business.

18 May 2019 2:14 AM IST

Few large retail outlets have already started advertising the downward revised prices of FMCG items.

Spencer's Retail to buy Nature's Basket in USD 43 million deal

Spencer's, a part of RP Sanjiv Goenka Group (RPG), runs its own grocery stores in parts of the country.

17 May 2019 4:48 PM IST