Company News 

M&S joins forces with Ocado

M&S joins forces with Ocado

The announcement of one joint venture has caused two very different share price reactions. Marks and Spencer (MKS) has confirmed a new 50/50 partnership with online grocer Ocado (OCDO), aimed at taking the former’s food division digital. The deal will see M&S pay up to £750m in order to acquire a 50 per cent stake in Ocado’s UK retail business, while the new entity – to be known as Ocado.com – will effectively replace Ocado’s existing relationship with high-end supermarket Waitrose come September 2020. In a similar way, the new platform will offer customers Ocado’s own-brand products alongside M&S ranges.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now