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17 Feb 2022 | 07:04

Ocado, Casino extend deal, create new joint venture

(Sharecast News) - UK online grocer and technology group Ocado and France's Groupe Casino said they had signed a deal to extend their current partnership and create a new joint venture to support the development and management of single or multi-tenanted distribution centres in France. "Underpinned by the success of their partnership and expanding operations in Ile-de-France, Ocado and Groupe Casino believe there is significant and growing demand for online grocery services across the French market, creating a huge opportunity to leverage their combined expertise, including Ocado's UK experience providing multi-retailer customer fulfilment centres (CFCs)," the companies said on Thursday.

Alongside the joint venture, Ocado will offer its automated fulfilment and software solutions to all grocery retailers in the French market, with its platform capacity in the future CFCs available to multiple grocery retailers, including Casino.
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