{"id":7922,"date":"2019-02-26T12:00:46","date_gmt":"2019-02-26T12:00:46","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/ms-and-ocado-in-talks-about-joint-venture\/"},"modified":"2019-02-26T12:00:46","modified_gmt":"2019-02-26T12:00:46","slug":"ms-and-ocado-in-talks-about-joint-venture","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/ms-and-ocado-in-talks-about-joint-venture\/","title":{"rendered":"M&S and Ocado in talks about joint venture"},"content":{"rendered":"\n
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\"M&SImage copyright<\/span>
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Marks and Spencer (M&S) and Ocado have confirmed they are “in discussions” about a \u00a31.8bn joint venture.<\/p>\n

Shares in both companies jumped on the news about the deal, which would give M&S a food delivery service for the first time. <\/p>\n

The London Evening Standard<\/a> said any deal would see M&S pay Ocado between \u00a3800-900m for a 50% stake.<\/p>\n

M&S said there was no certainty the discussions would result in any agreement.<\/p>\n

Shares in M&S were up 3% on the news while Ocado was up 10%.<\/p>\n

Currently Ocado has delivery deals with both Waitrose and Morrisons, as well as delivering its own branded goods. <\/p>\n

Ocado’s deal with southern England-focused Waitrose is due to come to an end in September 2020.<\/p>\n

Chief executive Tim Steiner said earlier this month that arrangement prevented it from supplying own label products from another leading UK grocery retailers.<\/p>\n

The current agreement also gives Ocado the right to use the Waitrose brands on its website and on its fleet of more than 700 vans.<\/p>\n<\/p><\/div>\n


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Source<\/a> by [author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Image copyright Getty Images Marks and Spencer (M&S) and Ocado have confirmed they are “in discussions” about a \u00a31.8bn joint venture. Shares in both companies jumped on the news about the deal, which would give M&S a food delivery service for the first time. The London Evening Standard said any deal would see M&S pay … <\/p>\n","protected":false},"author":0,"featured_media":7923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7922","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/7922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=7922"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/7922\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/7923"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=7922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=7922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=7922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}