29th Jun 2015 05:48
LONDON (Alliance News) - Ocado Group PLC is close to securing a deal with an international retailer which will allow the company to expand outside of the UK for the first time, The Daily Telegraph reports.
Ocado revealed earlier this year that it has developed a system which will allow it to sell its online grocery technology to overseas retailers. The newspaper said the deal is unlikely to be announced during Ocado's interim results, due Tuesday, but it said the company is likely to express confidence that a deal is close to being done.
Ocado has in the past been linked with deals with both France's Carrefour SA and Safeway Inc in the US.
http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11703609/Ocado-deal-close-for-overseas-expansion.html
By Sam Unsted; [email protected]; @SamUAtAlliance
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