Ocado extends partnership with France's Groupe Casino

1 minute read

Delivery vans lined up prior to dispatch at the Ocado CFC (Customer Fulfilment Centre) in Andover, Britain May 1, 2018. REUTERS/Peter Nicholls

Register now for FREE unlimited access to Reuters.com

LONDON, June 30 (Reuters) - Ocado (OCDO.L) has extended its partnership deal with French retailer Groupe Casino (CASP.PA), the British online supermarket and technology group said on Thursday.

The agreement follows a Memorandum of Understanding announced in February.

The extension includes the creation of a joint venture to provide logistics services to Ocado-powered customer fulfilment centres in France, which will be available to all grocery retailers.

Register now for FREE unlimited access to Reuters.com

Groupe Casino will also use Ocado's in-store fulfilment technology in its Monoprix stores.

Ocado will integrate Octopia's marketplace platform into its Ocado Smart Platform (OSP), and allow OSP partners around the world to launch their own marketplace offerings.

Octopia is a subsidiary of Cdiscount, which is fully controlled by Cnova (CNV.PA), the e-commerce arm of Casino.

Ocado agreed its first deal with Casino in 2017.

Register now for FREE unlimited access to Reuters.com
Reporting by James Davey; editing by Kate Holton and Jason Neely

Our Standards: The Thomson Reuters Trust Principles.