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Marks & Spencer Confirms Joint Venture with Ocado

Executive Summary

  • The UK’s Marks & Spencer (M&S) and Ocado Group have announced the creation of a 50/50 joint venture.
  • M&S is acquiring a 50% share of Ocado’s UK retail business, for a total consideration of up to £750 million.
  • A combined M&S-Ocado service offers M&S a way to sell online while circumventing the unfavorable economics of its typically small basket sizes.

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