Ocado deepens its ties with French partner Casino
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Ocado has deepened its ties with its French partner as it seeks to cash in on customers across the Channel
Ocado has deepened its ties with its French partner as it seeks to cash in on customers across the Channel.
The online grocer said it had signed a preliminary agreement to extend its existing partnership with Groupe Casino - owner of French supermarket giant Casino - launching a tie-up that will see them offer logistics services for retailer warehouses.
The deal will also allow Ocado to offer its software to retailers across France for the first time as it taps into the surge in online shopping across the country.
Tim Steiner, chief executive of Ocado, said: ‘This announcement marks a deepening of the relationship between Groupe Casino and Ocado.'
Ocado recently revealed the impact of investments in new robots and automatic warehouses as losses trebled last year from £52.3m to £176.9m in the 12 months to November 28.
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