RE: Happy Birthday Ocado Mark's and Spencer Joint venture28 Jul 2024 21:22
I'm invested heavily in both Ocado and Mark's. I'm not really sure how to read these comments tbh. I'm guessing there are games being played on both sides... M&S want to downplay this to negotiate a better price, Ocado making it known they don't have to sell and are not a distressed seller to get a better price. In the end, I think both know this is a good partnership and maybe there is a deal to be had where Ocado keep a minority stake, MKS get control and Ocado get funds to keep the tech business ticking over in the short to medium term.