Aug 6, 2019 | News, Retailing
Marks and Spencer Group Plc (M&S) has announced the completion of its acquisition of half of Ocado Retail Ltd, the dedicated online grocery retailer. This marks the start of M&S’s 50/50 Joint Venture (JV) with Ocado Group Plc, comprising Ocado’s UK grocery...
May 22, 2019 | News, Retailing
M&S’ full year results for the 52 weeks ending 30th March 2019 have been released, and its top line summary reports as “good progress in restoring the basics.” The results indicate its food business is showing good signs of progress in arresting the decline...
Feb 27, 2019 | Food Equipment & Services, News, Retailing
Following press and media speculation, Marks and Spencer Group Plc (M&S) has announced the creation of a 50/50 joint venture with Ocado Group Plc (Ocado) and states it ‘will transform online grocery shopping for UK consumers’. As suggested by FMT yesterday in our...
Feb 26, 2019 | News, Retailing
Marks and Spencer Group PLC has confirmed that it is in discussions with Ocado Group plc regarding a joint venture in the UK retail market, believed to have a potential value of £1.8bn. Shares in both companies jumped following the news, which would give M&S a...
Jan 15, 2019 | News, Retailing
Food retailer, Marks & Spencer has announced the next 17 UK stores proposed for closure as it reshapes its UK store estate. The proposed store closures have been named as: Ashford, Barrow, Bedford, Boston, Buxton, Cwmbran, Deal, Felixstowe, Huddersfield, Hull,...
