Ocado and M&S ‘in agreement’ despite performance concerns
Ocado Group chief executive Tim Steiner says that both Ocado and M&S are “in agreement” despite M&S chair Archie Norman telling investors last week that he was “not happy” with its performance.
M&S chair Archie Norman told investors last week that he was “not happy” with Ocado Retail’s performance and that there was “work to do”, despite adding that he “strongly believes in the future of Ocado”.
This came in response to shareholders asking the M&S board when they could anticipate a “proper return” from Ocado Retail after it recently suffered following consumers’ return to shops.
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