 "Spencer")
RP-Sanjiv Goenka’s food and grocery retail chain, Spencer’s Retail, is in talks with Alibaba for a minority stake sale, said sources close to the development.
Spencer’s was already in talks with Amazon. Both options (Amazon and Alibaba) were open, sources indicated. A meeting with Alibaba officials was held at RP-SG headquarters recently, said sources. Chairman Sanjiv Goenka declined to comment.
The retail and omni-channel space has been buzzing since early this year when Walmart acquired Flipkart in a $16-billion deal. Both Amazon and Alibaba have been in talks with some of the biggest names in the retail space.
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