Together with our joint venture partners at M&S, we remain focused on realizing the significant potential of the Ocado Retail business,” said a spokesperson for Ocado.
Marks & Spencer has maintained a cautious approach regarding any expansion of the joint venture, focusing instead on contract negotiations and operational enhancements.
“We have a good relationship with Ocado.
As you would expect, we are in regular discussion, working together to realize the full potential of our partnership.
These discussions are positive,” said a spokesperson for M&S.
Ocado Retail recently reported a pre-tax profit of 12 million pounds for the six months ending in April, bolstered by rising customer totals and higher average order values.
Despite these gains, Ocado continues to face broader challenges in selling its warehouse technology globally following recent facility closures in North America.
>>> Naga Munchetty Leaves BBC Breakfast After Misconduct Probe, Moves to Radio 5 Live
Shares in Ocado rose 2.3 percent to 189p on Tuesday following news of the resolution.
