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.

By  Storyboard18Dec 5, 2023 1:17 PM
Converting gourmet grocery to luxury grocery: Nature’s Basket unveils experiential concept store
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.

First Published on Dec 5, 2023 9:30 AM

More from Storyboard18

Watch Listen

Inflation has impacted entry-level segment: Tata Motors' Shailesh Chandra

Inflation has impacted entry-level segment: Tata Motors' Shailesh Chandra

Watch Listen

IKEA plans for multi-format stores in India: IKEA India CEO Susanne Pulverer

IKEA plans for multi-format stores in India: IKEA India CEO Susanne Pulverer

Watch Listen

Media Dialogues with Storyboard18: AI and digital accelerating Tata Motors CV brand and business

Media Dialogues with Storyboard18: AI and digital accelerating Tata Motors CV brand and business

Watch Listen

Pernod Ricard's Kartik Mohindra on crowning India as a premier global whisky maestro

Pernod Ricard's Kartik Mohindra on crowning India as a premier global whisky maestro

Watch Listen

PC market demand has come back to normal: Acer's Jason Chen

PC market demand has come back to normal: Acer's Jason Chen

Watch Listen

Media Dialogues with Storyboard18: Duroflex's growth journey

Media Dialogues with Storyboard18: Duroflex's growth journey

Watch Listen

Skechers India is growing and willing to invest in India: David Weinberg

Skechers India is growing and willing to invest in India: David Weinberg