Ocado Group PLC Completion of agreements to extend partnership (7037Q)
30 June 2022 - 4:00PM
UK Regulatory
TIDMOCDO
RNS Number : 7037Q
Ocado Group PLC
30 June 2022
Ocado Group plc
30th June 2022
OCADO GROUP PLC
Announcing completion of agreements to extend partnership with
Groupe Casino
Ocado Group is delighted to announce the completion of
agreements to extend its partnership with Groupe Casino. These
agreements are consistent with the details of the Memorandum of
Understanding (MOU) announced via RNS on 17th February 2022.
This extension of our partnership includes:
-- The creation of a Joint Venture (JV) to provide logistics
services to OSP-powered Customer Fulfilment Centres (CFCs) in
France, which will be available to all grocery retailers
-- A partnership for Ocado Group to integrate Octopia's
marketplace platform into OSP (Ocado Smart Platform), and allow OSP
partners around the world to launch their own marketplace offering
(Octopia is a subsidiary of Cdiscount)
-- Deployment by Groupe Casino of the OSP In-Store Fulfilment
solution across its Monoprix stores
Luke Jensen, CEO of Ocado Solutions, said:
"This is a great milestone for our relationship with Groupe
Casino as we extend the partnership in a number of exciting
directions."
"Our partnership demonstrates what can be achieved when a major
retailer introduces a world-class quality of service online,
enabled by unique efficiencies, to French consumers. I'm excited
that Ocado Group's cutting-edge technologies are now available to
all grocery retailers in France, with the new joint venture
leveraging our combined expertise to provide key logistics services
for future CFCs."
Contacts
OCADO
-- Tim Steiner, Chief Executive Officer, on 01707 228 000
-- Stephen Daintith, Chief Financial Officer, on 01707 228 000
-- David Shriver, Director of Communications, on 01707 228 000
-- Martin Robinson at Tulchan Communications, on 020 7353 4200
The person responsible for arranging the release of this
announcement is:
Neill Abrams
Group General Counsel and Company Secretary
Ocado Group plc
Buildings One & Two Trident Place
Mosquito Way
Hatfield
Hertfordshire
AL10 9UL
Tel: +44 (0)1707 228 000
Email: company.secretary@ocado.com
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END
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