Marks and Spencer Group PLC and Ocado Group PLC Announces Joint Venture to Transform UK Online Grocery Shopping Call (Newswire & Press Conference) Transcript
Good morning, and welcome to the Marks and Spencer Group plc and Ocado Group plc Joint Venture Newswire and Press Conference Call. Please be aware that due to applicable securities law restrictions, Marks and Spencer cannot comment on the funding in this forum. 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 and Spencer CEO. Please go ahead, sir.
Good morning, everyone. This is Tim Steiner, and I'm sitting alongside my new partner, friend and colleague, Steve Rowe. We are 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. Marks & Spencer's Food is the highest rated in the U.K. for quality, innovation and freshness, while Ocado's technology provides the best customer
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