Ocado Group

Ocado Group Plc came into existence in 2000 from the efforts of Jonathan Faiman, Jason Gissing, and Tim Steiner. During the same year, the company entered an agreement with Waitrose for branding and sourcing its products. Ocado describes itself as an online supermarket. The company retails a range of products via the web and smartphone apps. The Retail section of the company avails general merchandise for its customers.

On the other hand, Ocado has a Solutions segment, which entails developing and monetizing intellectual property. The company delivers merchandise to users doorstep. Ocado operates through strategic partnerships with major supermarket chains like Morrisons and Tesco. The company concentrates its business operations in the United Kingdom, and its headquarter is in Hatfield. Ocado Group Plc trades on the London Stock Exchange since 2010 under the symbol OCDO. Ocado works with Kroger to serve customers in the United States.

Latest Ocado Group News

Ocado share price outperforms after Morrisons agreement

Shares in Ocado (LON:OCDO) have climbed into positive territory in today’s session as the company reached an agreement with Wm Morrison Supermarkets (LON:MRW) over the use of one of the online grocer’s customer fulfilment centres (CFC). The news came as...

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