Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
Ocado Group CEO Tim Steiner believes M&S owes £190.7m due to disputed joint venture payments.
Ocado Group CEO Tim Steiner has expressed confidence that Marks & Spencer (M&S) owes the company a "substantial amount of money" due to a payment dispute within their joint venture, Ocado Retail.
M&S is set to pay Ocado a final £190.7 million instalment as part of their £750 million 50-50 partnership, but Ocado's latest annual results reveal that the retail joint venture did not meet the necessary performance measures to secure the payment, leading to an estimated fair value of £28 million.
Ocado's CEO hopes for a settlement, but if unsuccessful, the company may resort to formal litigation.
25 Articles
El director ejecutivo de Ocado Group, Tim Steiner, cree que M&S debe 190,7 millones de libras esterlinas debido a pagos de empresas conjuntas en disputa.