REG - Ocado Group PLC - Completion of agreements to extend partnership

OcadoAnnouncement

30/06/2022 07:00

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RNS Number : 7037Q  Ocado Group PLC  30 June 2022

Ocado Group plc

30th June 2022

OCADO GROUP PLC

Announcing completion of agreements to extend partnership with Groupe Casino

Ocado Group is delighted to announce the completion of agreements to extend
its partnership with Groupe Casino. These agreements are consistent with the
details of the Memorandum of Understanding (MOU) announced via RNS on 17th
February 2022.

This extension of our partnership includes:

●    The creation of a Joint Venture (JV) to provide logistics services
to OSP-powered Customer Fulfilment Centres (CFCs) in France, which will be
available to all grocery retailers

●    A partnership for Ocado Group to integrate Octopia's marketplace
platform into OSP (Ocado Smart Platform), and allow OSP partners around the
world to launch their own marketplace offering (Octopia is a subsidiary of
Cdiscount)

●    Deployment by Groupe Casino of the OSP In-Store Fulfilment solution
across its Monoprix stores

Luke Jensen, CEO of Ocado Solutions, said:

"This is a great milestone for our relationship with Groupe Casino as we
extend the partnership in a number of exciting directions."

"Our partnership demonstrates what can be achieved when a major retailer
introduces a world-class quality of service online, enabled by unique
efficiencies, to French consumers. I'm excited that Ocado Group's cutting-edge
technologies are now available to all grocery retailers in France, with the
new joint venture leveraging our combined expertise to provide key logistics
services for future CFCs."

Contacts

 OCADO

●    Tim Steiner, Chief Executive Officer, on 01707 228 000

●    Stephen Daintith, Chief Financial Officer, on 01707 228 000

●    David Shriver, Director of Communications, on 01707 228 000

●    Martin Robinson at Tulchan Communications, on 020 7353 4200

 

The person responsible for arranging the release of this announcement is:

Neill Abrams

Group General Counsel and Company Secretary

Ocado Group plc

Buildings One & Two Trident Place

Mosquito Way

Hatfield

Hertfordshire

AL10 9UL

Tel: +44 (0)1707 228 000

Email: company.secretary@ocado.com

 

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