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Converting gourmet grocery to luxury grocery: Nature’s Basket unveils experiential concept store
Shashwat Goenka, chairman at Spencer’s Retail, talks about RPSG's entry into luxury food retailing and more.
Shashwat Goenka, Chairman, Spencers Retail Limited.
In 2019, the RP-Sanjiv Goenka Group acquired Nature's Basket from Godrej Industries for ₹300 crore. Nature's Basket currently runs 32 stores as a high-end food retailer. The Artisan Pantry, however, will take things up a notch, offering imported wines, a variety of cheeses, a dedicated section for artisan chocolates, gourmet fruits like Yuzu lemon, multi-coloured corn, Japanese Apple Fuji, and more.
The fancy food store called Artisan Pantry is at Phoenix Palladium Mall in Mumbai. This marks their entry into luxury food retailing, featuring a spacious 12,500-square-foot store.
The store will also include a restaurant and live kitchens. Shashwat Goenka, Chairman at Spencer’s Retail, shared during the launch that this concept store is the first of several planned under Nature's Basket Artisan Pantry.
Watch here.
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As India eyes global leadership in media, entertainment and gaming, Storyboard18's Digital Entertainment Summit, set to take place on June 27 in the capital, will spotlight the bold strategies, policy pathways and creative innovations shaping the future of the industry.
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