Proposed Tie-Up With Ocado Unilkely To Save M&S' Food Division, Says Analyst
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'.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!