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Morrisons ties up Ocado deal

2nd July 2013

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Guzelian Photography www.guzelian.co.uk

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 laun......for the full story register now for free or login below...



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