Ocado raises prospect of international retail expansion

Ocado chief executive Tim Steiner has not ruled out retail expansion overseas

Online grocer Ocado is weighing up retail opportunities outside its domestic market.

Ocado founder and chief executive Tim Steiner told the Financial Times that the present model of selling Ocado technology to overseas partners was “ideal” but the etailer has not ruled out new market entries itself.

Ocado would only consider a move into places where it does not already have a partner, meaning that some big markets in western Europe would be among the options. 

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