Amazon-Whole Foods deal piques US interest in Ocado


LONDON: British online grocer Ocado has seen a pick-up in enquiries from US supermarket groups interested in possible partnership deals in the wake of Amazon’s US$13.7bil deal to buy Whole Foods, its boss said yesterday.

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 US,” he said after Ocado reported a 2.7% rise in first half core earnings. Ocado pioneered the use of software and automation to pick online grocery orders in huge warehouses, rather than by hand in stores.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Ocado

   

Next In Business News

Stocks hit by tech slide; yen flails at intervention zone
Toyota hits record annual output, sales on robust demand
Solarvest delivers 8.9MWP solar project to NTPM
Investors take profit amid regional weakness
Malaysia's CPI rises 1.8% in March
DNB announces new board members comprising representatives from all five MNOs
Axiata, Sinar Mas move closer to US$3.5bil telco merger
Agricore gets Bursa nod to list on ACE Market
South Korea Q1 GDP growth smashes estimates, but outlook's uncertain
Ringgit soft as US$ remains elevated

Others Also Read