Marks & Spencer Group PLC (OTCPK:MAKSY)
$ 10.05 0.1 (1.01%) Market Cap: 10.15 Bil Enterprise Value: 12.87 Bil PE Ratio: 19.25 PB Ratio: 2.74 GF Score: 69/100
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Ocado Group PLC and Marks and Spencer Group PLC Announces Joint Venture to Transform UK Online Grocery Shopping Call Transcript

Feb 27, 2019 / 09:00AM GMT
Release Date Price: $7.23 (-11.94%)
Operator

Good morning, and welcome to the Ocado Analyst and Investor Call. I would also like to remind you that today's conference is being recorded.

At this time, I would like to turn the conference over to Tim Steiner, Ocado's CEO; and Steve Rowe, Marks & Spencer's CEO. Please go ahead.

Timothy Steiner
Ocado Group plc - CEO & Executive Director

Good morning, everyone. This is Tim Steiner, and I'm sitting alongside my new partner and friend and colleague, Steve Rowe; and also my CFO, friend and partner, Duncan Tatton-Brown. We're delighted to be announcing today a transformative deal in the U.K. grocery market, which brings together 2 iconic and much loved British retail businesses. Our partnership brings together partners with uniquely complementary assets.

M&S's food is the highest rated in the U.K. for quality, innovation and freshness, while Ocado's technology provides the best customer experience online with a sustainable cost advantage over competitors who pick from store. This is truly about bringing the best together. Many of you

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