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Marks and Spencer Group PLC and Ocado Group PLC Announces Joint Venture to Transform UK Online Grocery Shopping Call Transcript

Feb 27, 2019 / 08:00AM GMT
Release Date Price: £10.2 (+2.81%)
Operator

Good morning, and welcome to the Marks and Spencer Group plc investor and analyst conference call and presentation. The presentation can be viewed via the slide assist link included in this morning's RNS. Today's conference is being recorded. Please be aware that due to applicable securities laws restrictions, Marks and Spencer cannot comment on the funding in this forum. At this time I'd like to turn the conference over to Steve Rowe, CEO. Please go ahead, sir.

Steve Rowe
Marks and Spencer Group plc - CEO & Executive Director

Thank you very much. Good morning, all, and thank you for joining the call. I'm in the room with Archie, with Humph, the rest of the M&S team and indeed our new partners, Tim and Duncan, from Ocado. We appreciate you taking the time to discuss what we believe is a compelling investment opportunity to transform the U.K. online grocery shopping. So moving on to the first slide. I believe -- I've always believed that M&S Food could and should be online. And this is something we've done or should have done some time ago. And so

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