Spencer's acquired a 100% stake in Natures Basket from the Godrej group in a Rs 300 crore deal last July
Sanjiv Goenka, the group's chairman said that Spencer's Retail - the acquirer belonging to the RPSG group stable - intends to set up 15-20 stores under Nature's Basket brand
An online and offline push is on the cards; the company may exit a few markets to penetrate deeper in select cities
The Godrej group's food chain builds its own set of labels, looks to leverage its retail reach and the growing demand for exotic and organic produce