Morrisons completes on Ocado deal

26 July, 2013

Morrisons has announced the completion of its agreement with online retailer Ocado Group, which will see Morrisons.com commence online deliveries from next January.

The agreement comprises a technology and services arrangement, and a sale and leaseback of property and equipment at Dordon.

The deal was approved by Ocado’s shareholders at a General Meeting on 18 July, and completed on 25 July 2013.

Morrisons had announced in March this year that it was in talks with Ocado, as it looked to move into the online retail channel in 2014.

The deal does not involve Morrisons acquiring any kind of equity stake in Ocado.

 

 





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