Marks & Spencer, the UK department store chain, has announced it has partnered with digital grocery specialist Ocado to create its first major platform for online grocery retail. Under the joint venture, M&S is acquiring a 50% share of Ocado’s UK retail business, which will be supported by Ocado Smart Platform, for a total consideration of up to £750 million ($999 million). Marks & Spencer said the venture would trade as …
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Kroger, the leading US supermarket business, has announced that it has sealed a partnership with UK grocery e-retailer Ocado in order to “accelerate Kroger’s creation of a seamless shopping experience for America’s families”. The firm said that the deal would bring the technology behind Ocado’s Smart Platform, which includes online ordering, automated fulfillment and home delivery capabilities, to the US for the first time. The deal will enable the company …
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