M&S hopes to spark shareholder imagination with Ocado deal

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M&S hopes to spark shareholder imagination with Ocado deal

Sam Kerr
February 27, 2019 05:30 PM
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File photo dated 29/5/2018 of a branch of Marks & Spencer. Ocado and Marks & Spencer have announced the creation of a joint venture, in a move which the companies say will transform online grocery shopping. | Yui Mok/PA Wire/PA Images

Marks & Spencer will turn to its shareholders to fund a £750m joint venture with Ocado Group in a move that would see the company metamorphose into a leading online food retailer.

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