UK Firms Fight for Internet Grocery Market

September 2006 | Company News Alert

Reports today that UK online food retailer Ocado will delay its public floatation until 2008 should not come as a major surprise. The company, which provides guaranteed home delivery of Waitrose supermarket goods in the UK has yet to establish a 'good profit record' as Stuart Hampton, chairman of the John Lewis Partnership, Ocado's largest shareholder, told the Financial Times. Still, CEO Tim Steiner has said as much publicly in recent months, using almost precisely the same

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