Ocado shares fall 17% after US partner announces warehouse closures

Online grocer had a deal with Kroger to build 20 customer fulfilment centres but three of the sites are to closeThe value of online grocer Ocado has fallen sharply after Kroger, it’s major partner in the US, announced the closure of three warehouses using the UK company’s high-tech equipment.Ocado signed a deal to build 20 automated warehouses – known as customer fulfilment centres – for Kroger, the US’s fourth largest retailer, in 2018. Eight of those facilities ar