May 17, 2018 / 7:55 AM / 10 days ago

BRIEF-Ocado CFO: Kruger deal is 'transformational'

May 17 (Reuters) - Ocado:

* CFO SAYS STILL IN NEGOTIATIONS WITH KROGER AND FINAL DETAILED DEAL STLL TO BE SIGNED

* CFO SAYS ‘PRETTY OPTIMISTIC’ CAN FUND KROGER PARTNERSHIP WITHOUT GOING TO INVESTORS

* CFO SAYS KROGER PARTNERSHIP ‘MULTI-YEAR PLAN WITH A LOT TO DO’

* CFO SAYS KROGER PARTNERSHIP IS A “QUANTUM DIFFERENCE” THAN PREVIOUS DEALS

* CFO SAYS KROGER WILL ALSO HAVE ACCESS TO ITS SOFTWARE, IF IT CHOOSES, FOR STORE PICKING

* CFO SAYS POST-KROGER DEAL, SEVEN MAJOR GROCERS WILL BE ON PLATFORM, CREATING URGENCY FOR ANY OTHERS WHO WANT TO JOIN

* CFO SAYS CONFIDENT IT CAN RAMP UP TO MEET KROGER’S AMBITIONS

* CFO SAYS KRUGER TAKING A STAKE IS EVIDENCE OF THE STRENGTH OF ITS TECHNOLOGY PLATFORM Further company coverage: (Reporting By London Bureau)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below