Strategy (1)
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Retail Navigator AnalysisOcado Retail (Strategy)
After mounting speculation that M&S would look to partner with Ocado to give it a viable way into online food, in February 2019 the two retailers announced a joint venture partnership, giving a much-needed boost to Ocado’s bottom line. While the joint venture prospered during the pandemic, M&S shareholders have become concerned after losses mounted in FY2022 as trading patterns normalised and shoppers returned to stores. A “reset” of the business is currently underway under Ocado Retail boss Hannah Gibson.
