A leading retail analyst has suggested that Marks & Spencer's proposed tie-up with online-only retailer Ocado will not be enough to turnaround the former's food division.
Marks & Spencer confirmed today that it is ' in discussions' with Ocado regarding a potential joint venture, in response to a report in the Evening Standard that suggested such a venture was imminent. It added that there is currently 'no certainty that these discussions will result in any agreement or as to the timing of any such agreement'.
