Ocado in deal with Kroger
Ocado of the UK has signed a deal with Kroger groceries of the US to build 20 customer fulfilment centres for the second largest US food retailer. The latter will take a 5% stake in Ocado for $183m and have exclusive access to the technology in the US. Ocado was founded by three former Goldman Sachs traders in 2000 as an online grocer and has been transforming itself into a global provider of logistics technology. Kroger reported a 33% rise in online sales in its first quarter.
See article onOcado Kroger deal
See article on Kroger acquisition of mealkit Home Chef
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