Ocado Solutions’ CEO Luke Jensen joins Asos’ board
Ocado Solutions chief executive Luke Jensen is set to join Asos as the online fashion retailer seeks to shake up its board room. Asos announced today that in a “significant…
Ocado’s co-founder calls “corporate espionage” claims “ludicrous” as legal battle escalates further
Ocado’s co-founder Jonathan Faiman has hit back at his former company after it accused him of corporate espionage and conspiracy last week.
“Ocado’s use of terms like ‘espionage’ is ludicrous…
Ocado sues its own co-founder in bitter legal dispute worth “hundreds of millions”
Ocado is suing its co-founder Jonathan Faiman while his new company, Today Development Partners (TDP), issues a counterclaim worth “hundreds of millions” amid an escalating legal battle.
Accusations of corporate…
Ocado and M&S’ new joint venture enjoys double-digit growth
Ocado Retail has enjoyed double-digit growth over the third quarter, marking the first set of results since the launch of its £1.5 billion joint venture with Marks & Spencer.
M&S…
Waitrose scraps automated fulfilment centre deal casting doubt over its online business
Waitrose has abruptly scrapped a partnership which was meant to triple the size of its ecommerce business after just four months. Today Development Partners (TDP), led by Ocado founder Jonathan…
Ocado and Kroger add fifth location for US expansion
Ocado and Kroger have revealed Dallas, Texas will be the fifth location for a Customer Fullfilment Centre (CFC) for the pair, after announcing a strategic partnership in 2018 to develop…
A second Ocado warehouse has caught fire
Ocado’s warehouse in London has caught fire and been evacuated, marking the second fire at one of its facilities this year. The fire broke out in a waste packaging container…
Ocado reports major losses as it reveals £100m cost of fire
Ocado has reported a half year loss of £43 million as it revealed the extend of the damage to its operations caused by a fire at its fulfilment centre earlier…
Ocado starts work on $55m high-tech fulfillment centre in US
Ocado has broken ground on the first of 20 high-tech automated warehouses it plans to build in the US as part of its tie-up with Kroger. The pair have begun…
Ocado invests £17m in vertical farming
Ocado has made a major investment in the emerging high-tech “vertical farming” space, as it enters into a joint venture. The online grocery giant has partnered with 80 Acres Farms…