Future Group-owned Pantaloon Retail is in talks to acquire Express Retail Services-owned Big Apple’s stores. Big Apple operates 65 neighbourhood shops in Delhi. The takeover is expected to be valued at around INR2.5bn (£30.7m).
Big Apple recently launched an online home delivery service – which is not part of the acquisition talks – under the Day2Day brand and aims to set up multiple formats. KB’s Fair Price, Pantaloon Retail’s own neighbourhood format, will complement the small-format stores.
The retailer operates about 220 stores, of which 100 are in Delhi.