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Ocado Group plc (/ ɒ ˈ k ɑː d oʊ / ok-AH-doh) is a British business based in Hatfield, England, which licenses grocery technology.It also owns a 50% share in the UK grocery retail business Ocado.com (the other 50% is owned by UK retailer Marks & Spencer).
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In January 2000, he started Ocado with two former colleagues from Goldman Sachs, Tim Steiner and Jonathan Faiman. [ 3 ] [ 4 ] He became chief financial officer of the company. [ 3 ] The company moved from a start-up to a household name during his 15 years there.
John Lewis Partnership helped finance the creation of Ocado, an independent online supermarket, and later transferred its interest to its pension fund, which owned 29% of Ocado. [60] The pension fund fully divested itself of its final 10.4% share ownership in February 2011 for £152 million, which represented a total profit from the company's ...