Kishore Biyani-promoted Future Retail has bought Foodworld, a supermarket chain for Rs 40.79 crore in cash..Foodworld (previously known as Spencer’s Daily) is a chain of supermarket stores and it currently operates around 40 retail stores in Bangalore. The acquisition would result in further consolidation of the retail business of Future Retail..Desai & Diwanji advised Future Retail and the team included Partner Siddharth Mody, Senior Associate Rahul Deodhar and Associates Prerana Chaudhari, Pritali Patil, Suhani Sharma and Varun Ohri..Trilegal acted for Foodworld and the team was led by Partner Delano Furtado along with Senior Associate Sunayana Bose and Associate Tanya Nanda.
Kishore Biyani-promoted Future Retail has bought Foodworld, a supermarket chain for Rs 40.79 crore in cash..Foodworld (previously known as Spencer’s Daily) is a chain of supermarket stores and it currently operates around 40 retail stores in Bangalore. The acquisition would result in further consolidation of the retail business of Future Retail..Desai & Diwanji advised Future Retail and the team included Partner Siddharth Mody, Senior Associate Rahul Deodhar and Associates Prerana Chaudhari, Pritali Patil, Suhani Sharma and Varun Ohri..Trilegal acted for Foodworld and the team was led by Partner Delano Furtado along with Senior Associate Sunayana Bose and Associate Tanya Nanda.
