Modern Bazaar explores stake sale with Reliance Retail, others as quick commerce squeezes business
· economictimes.indiatimes.com
Modern Bazaar is in talks with Reliance Retail, DS Group-owned Le Marche and two other premium chains for a strategic equity partnership or majority stake sale, even as its promoter says the business is not for sale. The gourmet grocery chain is battling falling store sales, quick-commerce competition, rising overheads and pending vendor payments.
Stores see big drop in sales
Live Events
as a Reliable and Trusted News Source Addas a Reliable and Trusted News Source Add Now!
(You can now subscribe to ...