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City snapshot: Ocado and M&S agree £1.5bn joint venture
By Alec Mattinson2019-02-27T08:13:00
Ocado and Marks & Spencer have agreed to create a 50/50 joint venture that will “transform online grocery shopping in the UK”.
Ocado and Marks & Spencer have agreed to create a 50/50 joint venture that will “transform online grocery shopping in the UK”.
The joint venture will absorb Ocado’s UK grocery retail business and source M&S’s product range, replacing Ocado’s existing supply partnership with Waitrose.
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