Ocado co-founders in legal battle over TDP-Waitrose deal
Some of the top retail bosses have been entangled in a legal battle following accusations of corporate spying and conspiracy.
Ocado chief executive Tim Steiner and Marks & Spencer’s chair Archie Norman and chief executive Steve Rowe have all been named in court papers that unveil a bitter feud over online grocery shopping according to The Times.
The case is centred around Jonathan Faiman, co-founder of Ocado who exited in 2010 and went onto set up a new grocery delivery venture -Today Development Partners (TDP).
Following the announcement in February that Ocado had signed a deal with M&S to launch its online food service, TDP revealed in May it had struck a deal to be Ocado’s replacement at Waitrose.
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