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Ocado's warehouse in Hatfield Bots inside an Ocado warehouse Ocado Technology logo The company licenses Ocado Smart Platform, a proprietary solution for operating retail businesses online. [ 15 ] It also owns a 50% share in the UK retail business, Ocado.com (the other 50% is owned by UK retailer Marks & Spencer ). [ 30 ]
Tim Steiner OBE (born 9 December 1969) is a British businessman who is the co-founder and chief executive (CEO) of Ocado, the FTSE 100 online grocery and technology business. As of May 2023, Ocado had a market capitalisation of nearly £3 billion. [1] The 2020 Sunday Times Rich List estimates that Steiner is worth £403 million. [2]
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Online grocery shopping grew substantially during the COVID-19 pandemic. [8] The COVID-19 pandemic greatly accelerated the growth of online grocers, and in the first few months of the pandemic, online grocery shopping increased by 300%. [9] In addition, first-time online grocery shoppers accounted for 41% of online grocery shoppers. [10]
Code for Life is a British-based not-for-profit platform that provides free educational resources which teach children how to code in the classroom, or at home.. Rapid Router is Code for Life's browser-based shopping delivery game developed for children aged 5–14 that uses the programming languages Blockly and, in later levels, Python to teach the basic concepts of programming.
On his departure, Ocado had sales of £1 billion and had made its first ever profit. [6] In May 2018, Ocado joined the FTSE 100 valued at almost £6 billion. At the time it was the most valuable technology business in the U.K. [ 7 ]
In August 2020, Waitrose announced they would cease operations with Ocado, which ended on 1 September 2020. Ocado partnered with Waitrose's rival store Marks & Spencer. [63] Arrangements were amended in 2010 to a ten-year agreement to supply products to Ocado. [64] In February 2011, John Lewis Pension trust divested itself of its Ocado shares. [65]
On 6 September 2012, Rose was appointed as non-executive chairman of Dressipi.com, an online personalised fashion service that matches clothes and accessories to a shopper's shape, style and individual preferences. [22] In 2013, Rose became an independent non-executive director and chairman of Ocado, the UK internet-only grocery retailer. [23]