Jul 5, 2017

Ocado still tight-lipped on mystery deal

Online grocer Ocado is remaining tight-lipped over its deal with a mystery overseas European retailer, but says it will be the "First of many". In June, it announced a long-awaited overseas deal with an unnamed European retailer, saying it was going to help it set up an online grocery delivery service. The retailer has been slow to branch out internationally, missing a self-imposed deadline in 2015. Retail giant Amazon made its biggest push into traditional retailing by buying Whole Foods in a £10.7bn deal. Mr Steiner said: "We continue to progress conversations with multiple retailers internationally to use the Ocado Smart Platform and believe that recent industry developments such as the announced acquisition of Whole Foods by Amazon will be a positive catalyst in advancing these discussions."

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