RE: No real news on M&S18 Jul 2024 06:47
Just to reiterate what's going around:
'As to that all-important M&S relationship, Steiner said:
We’re not commenting beyond the fact that we’ve got ongoing conversations…We have very constructive conversations, got a great working relationship, had an all-day strategy meeting on ORL (Ocado Retail Limited) recently. So our relationship with M&S is very strong. I think, as [M&S Chairman] Archie [Norman] put it very nicely, in joint ventures sometimes, you have a few difficult moments. That is a difficult moment we’re working through together in a very mature way and those conversations are confidential and ongoing.
For its part, M&S’s Annual Report last month stated:
Ocado Retail is a key channel to bring together the strength of M&S’ brand and our leading food quality and product development, with Ocado’s proprietary technology and award-winning service to create an unrivalled online grocery offer for customers. Over the past 12 months, the M&S range on Ocado has grown by over 1,000 lines, increasing the live addressable range from 69% to over 86% and meaning that Ocado shoppers are now able to shop more M&S products than ever before.
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