Marks & Spencer and Ocado join forces

Marks & Spencer and Ocado the online delivery service have signed a £750m deal which gives the retailer half of the online company's business. The business will continue to trade as ocado.com and operate from the Ocado Smart Platform, but will have access to M&S's brands, products and customer database from September 2020. This is the date at which Ocado's current agreement to deliver Waitrose groceries expires. Ocado brings to the partnership its Ocado Zoom same-day delivery service, which is first being trialled in London. M&S brings access to seven million members of its Sparks loyalty club and three million M&S Bank customers. In total, say the partners, the joint venture will benefit from access to more than 12 million M&S Food shoppers.
