Ocado launches £500m bond issue to expand robotic warehouses abroad
Ocado is launching a £500 million bond issue as it seeks to fund the expansion of its robotic automated warehouses across the globe.
The online grocer told potential investors that…
Ocado signs up for partnership with Japan’s Aeon
British supermarket Ocado has signed a deal for a technology partnership with Japanese firm Aeon.
The online-only grocer on Friday revealed it would team up with Aeon to help develop…
Ocado to open first ‘mini’ fulfilment centre in Bristol
Ocado is opening a new ‘mini’ robotic warehouse in Bristol as it demonstrates its ability to roll out its automated technology at speed.
The 150,000sq ft site will be completed…
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…