LONDON (Reuters) – British online supermarket Ocado Retail’s relationship with shareholder Marks & Spencer is strong, its boss said on Tuesday.
Ocado Retail is a 50:50 joint venture between Ocado Group and M&S. The two shareholders had a public spat last year over M&S’s final payment for the venture.
“We are working really strongly with M&S and have continued to do so over the course of the last year,” Ocado Retail CEO Hannah Gibson told reporters after the JV updated on Christmas trading.
“Relationships are strong and we continue to all be really focused on the future potential of the business,” she said.
M&S and Ocado remain in talks on resolving the dispute.
(Reporting by James Davey; editing by Sarah Young)
