You are here: Home - Household Bills - News -

M&S to offer online grocery shopping from September 2020

Written by: Emma Lunn
M&S and Ocado have completed a £750m deal to create a new online food delivery firm.

Ocado has sold half of its UK retail business to Marks & Spencer in a £750m deal that will create a new online grocery delivery firm called Ocado Retail.

The tie-up means that from September 2020 more than three-quarters of the UK population will be able to get M&S food products delivered by Ocado.

Ocado shoppers will be able to choose from more than 6,500 M&S products while shopping on, alongside the retailer’s own brands and own label products. At the moment, access to the full M&S food range is limited to about a dozen stores.

The partnership was announced in February and completed today. It will bring an end to Ocado’s relationship with middle class favourite Waitrose.

Steve Rowe, M&S CEO, said: “I have always believed that M&S Food could and should be online. The addition of Ocado to our family of businesses marks M&S’s first truly transformational step in shaping our future as a digital first retailer.

“Through its unique technology, Ocado has developed the most cost advantaged model in online grocery retail and our new partnership unlocks growth for M&S Food through an immediately profitable, scalable presence in the UK’s fastest growing grocery sales channel.”

Tim Steiner, Ocado’s chief executive officer, said: “Ocado Retail’s future, as part of a joint venture with M&S, is full of opportunity. The new company will be able to offer customers even greater range, service, quality and value. Our collaboration will also allow us to grow the business faster, add more jobs, and create more value for all our stakeholders. We are very excited to be working together.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

ISAs: your back-to-basics guide for 2018/19

Here’s everything you need to know to make the most of your unused ISA allowance ahead of the 5 April deadli...

A guide to Sharia savings accounts

A number of Sharia savings products have upped their game in recent months, beating more familiar competitors ...

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Demand for pure electric vehicles soars in ‘worst July’ for new car sales since 2012

New car registrations were down 4.1 per cent last month, making it the worst July for new car sales since...