Spencer's in talks with Amazon, other investors for minority stake sale

RP-Sanjiv Goenka’s food and grocery retail chain, Spencer’s Retail, is in talks with multiple players, including Amazon, for offloading a minority stake. Sources said talks were at preliminary stage and discussions were being held with more than one entity. It was understood that Amazon was one of players that Spencer’s was in talks with. Asked whether Amazon is looking at a minority stake in Spencer’s, Shashwat Goenka, sector head of Spencer’s Retail, said, “We keep exploring multiple things but I cannot comment on anything unless it materialises. We .....

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