Online grocer says the terms of its 25-year deal with troubled supermarket prevents chain starting its own internet delivery operationOcado has warned that Morrisons would be unable to start its own internet operation because it was tied to a 25-year deal to sell food online through Ocado’s online service.
Reporting solid trading for the third quarter,Duncan Tatton-Brown, Ocado’s finance director, and said: “Ocado is the exclusive provider of online grocery services for Morrisons. That is the terms of the deal for the remaining 23 years. The contract will prevent [Morrisons launching another service. Related: Morrisons closures and Waitrose decline underline food shopping's revolution Continue reading...
Source: theguardian.com