Tag: Ocado

British online grocer Ocado launches US$642m bond issue to fund robotic warehouse deals

Food Business Africa

UK – Ocado, a dedicated online grocery retailer has launched a £500 million (US$642 million) convertible bond offering, partly to fund the construction of robotic warehouses for its overseas partners. While Ocado’s retail business has […]

Japanese retailer Aeon partners with Ocado to expand its online grocery business

Food Business Africa

JAPAN – Japan’s leading supermarket operator, Aeon has entered into an exclusive partnership agreement with Ocado Solutions, a division of London-based online grocer Ocado Group to expand its e-commerce. Aeon will leverage on Ocado’s nearly […]

M&S announces four new senior appointments to strengthen its food business

Food Business Africa

UK – Mark & Spenser (M&S) has announced four new senior appointments as the British retailer moves to reinforce its food division ahead of the online joint venture with Ocado next year. The retailer has […]

Ocado unveils US$21.6m investment in vertical farming, forms joint venture

Food Business Africa

UK – Ocado Group has announced that it is investing about US$21.6 million (£17 million) in vertical farming as it aims to become a leader in sustainable vertical farming. The company which is one of […]

Marks & Spencer buys Ocado’s UK retail business for US$996m, creates grocery JV

Food Business Africa

UK – British retailer, Marks and Spencer (M&S) has acquired 50% stake in a newly formed online grocery joint venture with online supermarket chain, Ocado for a consideration of US$996.67 million (£750 million). Under the […]