Amazon/Whole Foods deal piques U.S. interest in Ocado
British online grocer Ocado has seen a pick-up in enquiries from U.S. supermarket groups interested in possible partnership deals in the wake of Amazon’s $13.7 billion (10.59 billion pounds) deal to buy Whole Foods, its boss said on Wednesday. Ocado Chief Executive Tim Steiner said Amazon’s purchase of the upmarket grocer had made existing bricks and mortar supermarket players in the United States think harder about the competition they will be facing in the coming years. “Therefore we’ve seen increased interest in our (technology) solution from players in the U.S.,” he said after Ocado reported a 2.7 percent rise in first half core earnings.
Source:: https://finance.yahoo.com/news/ocados-international-deal-first-many-063224122.html
