Ocado drops £191m M&S payout fight as warehouse talks continue
Ocado has reportedly abandoned its pursuit of a £190.7m payment from Marks & Spencer, drawing a line under the long-running dispute surrounding the pair’s online grocery joint venture.
No final payment will be made by M&S, according to The Times, despite Ocado previously warning that it could take legal action to recover the money.
M&S acquired a 50 per cent stake in Ocado Retail for up to £750m in 2019, enabling the retailer to sell its food range online through Oc
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