Steiner: Ocado Retail progress is ‘disappointing’ but we will be profitable

Ocado boss Tim Steiner has admitted that the progress of its M&S joint venture has been “disappointing” but insisted that the retailer is “set to get back to its historic levels of profitability”.
Steiner said that the tie-up with M&S was not where he wanted it to be when the deal was struck, but said it was making “good progress” in its reset plan.
“I think overall if we look back at where we were in 2019 and what we hoped the business would be