After striking a deal to partner with Marks & Spencer in 2019, Ocado chief executive Tim Steiner hailed the £750m agreement as a “win-win” for both parties.
Talks between Ocado Group and Marks & Spencer over the final payment for the pair's Ocado Retail online supermarket joint venture are continuing, its boss said on Tuesday. Ocado Group and M&S are wrangling over the payment for M&S's share of the venture which was formed in 2019. M&S says the jv has not met the performance criteria for the payment.
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