Morrisons ties up Ocado deal

ONLINE grocery distribution business Ocado has done a sale and leaseback deal with Morrisons which will see the Yorkshire supermarket giant taking over its huge distribution warehouse at Dordon near Tamworth.

In a statement to the Stock Exchange this morning accompanying its half year results Ocado - best known for distributing Waitrose products until now - said Morrisons is its first strategic customer.

It has signed a 25 year agreement with Morrisons to provide intellectual property and operational services to launch ... For the full story register now for free or login below...