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M&S agrees £750m food delivery deal with Ocado

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  • M&S agrees £750m food delivery deal with Ocado

    Marks & Spencer will buy 50% stake and take its food offerings online for first time
    Marks & Spencer is to launch a £600m cash call on its shareholders in order to bring its ready meals and other food hall favourites to internet shoppers for the first time in a £1.5bn deal with the online delivery firm Ocado.
    M&S will pay Ocado £750m for a 50% share of the new Ocado.com joint-venture, which will begin trading in September 2020, when Ocado’s deal to supply Waitrose products expires.
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