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