M&S and Ocado in talks over British retail joint venture

M&S and Ocado in talks over British retail joint venture

Marks and Spencer (M&S) and Ocado have confirmed they are ’in discussions’ about a joint venture. Reports indicate M&S was set to pay up to $1.2 billion for a 50 per cent stake in the JV. Ocado, founded by three Goldman Sachs bankers 18 years ago, has been transformed in the last year after it struck major deals to sell its technology to international retailers.

Timothy
Timothy
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