M&S looks to pull off major Ocado deal

M&S looks to pull off major Ocado deal

Marks and Spencer is in talks to buy distribution centres, delivery vans and lorries from Ocado as it ramps up its food delivery service plans, the Mail on Sunday reports.

A City source said: “Archie Norman needs something transformational to make his mark at M&S and he is running out of time. The deal on the table is effectively buying the Waitrose part of the Ocado business and replacing it with M&S products.”

if Ocado decides to go ahead with the deal, it would allow the online retailer to focus on selling its technology to supermarkets in other countries.

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