REG - Ocado Group PLC - Aeon Update

OcadoAnnouncement

08/07/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240708:nRSH3856Va&default-theme=true

RNS Number : 3856V  Ocado Group PLC  08 July 2024

8 July 2024

 

Ocado Group plc ("Ocado")

 

Ocado and AEON announce a third Customer Fulfilment Centre in Japan

 

Ocado Group plc ("Ocado") and AEON have announced the continued expansion of
their partnership, with plans to construct a third Customer Fulfilment Centre
("CFC") in Kuki-Miyashiro, the Saitama prefecture of Japan.

Ocado entered an exclusive partnership with AEON in 2019 to develop the online
operations of the AEON NEXT grocery business using the Ocado Smart Platform
("OSP"). The new facility, to go live in 2027, was announced as AEON
celebrated the first anniversary of the official launch of AEON NEXT's online
grocery delivery brand.

 

The first CFC in Honda-cho, Midori-ku, Chiba-city opened in July 2023, serving
customers in the Kanto region. This will be followed by a second CFC based in
Hachioji, due to go live in 2026. The service offers the widest range of
products available in the Japanese grocery market, with Ocado's technology
enabling world-leading levels of freshness and convenience.

 

In addition to the network expansion, AEON will also upgrade its live
operations with the latest Ocado technologies including On-Grid Robotic Pick
("OGRP"). This will bring increasing levels of labour productivity to AEON's
operations, enabling them to further reduce the cost to serve and address long
term challenges of labour availability in Japan.

 

Further CFCs are planned to expand AEON's existing ecosystem.

 

Tim Steiner, CEO of Ocado Group, said:

 

"Today is an exciting moment for AEON and Ocado's relationship as we deepen
our already strong partnership."

 

"As demonstrated by the state-of-the-art CFC live in Honda, Ocado is helping
AEON NEXT to provide a seamless online grocery experience to customers across
Tokyo. We can't wait to bring this service to even more customers in the years
to come."

 

Contacts:

 

●    Tim Steiner, Chief Executive Officer on +44 1707 228 000

●    Stephen Daintith, Chief Financial Officer on +44 1707 228 000

●    Nick Coulter, Head of Investor Relations on +44 1707 228 000

●    Jamie Kerr, Head of Communications on +44 1707 228 000

●    Lucy Legh / Matt Denham / Jack Gault, Headland Consultancy -
ocadogroup@headlandconsultancy.com (mailto:ocadogroup@headlandconsultancy.com)
on +44 (0) 20 3805 4822

 

Notes to Editors

 

About Ocado Group

 

Ocado Group is a UK based technology company trading on the London Stock
Exchange

(Ticker OCDO). It provides end-to-end online grocery fulfilment solutions to
thirteen of the

world's largest grocery retailers and holds a 50% share of Ocado Retail Ltd in
the UK in a Joint Venture with Marks & Spencer. Ocado has spent two
decades innovating for grocery online, investing in a wide technology estate
that includes robotics, AI & machine learning, simulation, forecasting,
and edge intelligence.

 

About AEON NEXT

 

AEON NEXT Co. Ltd. is a 100% AEON-owned subsidiary, founded in 2019 with the
goal to launch and run the next-generation online grocery business on the
Japanese market. AEON NEXT offers a compelling range of products, supported by
a state-of-the-art, end-to-end platform that allows for shopping and delivery
anytime, anywhere, in a seamless and delightful way!

 

 

Person responsible for arranging the release of this announcement:

 

Neill Abrams

Group General Counsel and Company Secretary

Ocado Group plc

Buildings One & Two, Trident Place, Mosquito Way,

Hatfield, Hertfordshire AL10 9UL

email: company.secretary@ocado.com (mailto:company.secretary@ocado.com)

 

Ocado Group plc LEI: 213800LO8F61YB8MBC74

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDGZGGNVKFGDZM