LONDON: Ocado Group Plc soared to a record after Kroger Co agreed to buy a stake in the UK online grocer, which is breaking into the US market with a landmark deal to license its home-delivery technology to the supermarket chain.
Ocado’s first US licensing pact marks Kroger’s response to Amazon.com Inc’s purchase of Whole Foods Market Inc, which extended the e-commerce giant’s reach into bricks-and-mortar retailing.
