Alibaba in talks to purchase a minority stake in Spencer's Retail

Spencer's was already in talks with Amazon. Both options were open, sources say

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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