Ocado is close to a deal with an international retailer that will allow them to expand their international footprint, according to reports.
Tim Steiner, chief executive of Ocado has previously said that the retailer had developed Ocado Smart Platform to “target international online retail business opportunities” adding that “we continue to receive interest from a broad group of potential international partners to discuss how we might assist them in introducing or improving online business in their own markets”.
The online grocer, which only made its first pre-tax profit this year, after agreeing a profitable partnership to run Morrisons.com, has previously been linked to deals with French retailer Carrefour and Safeway, the American supermarket chain.
Shares in Ocado have soared by almost 30% since the end of March as investor confidence increases.
Ocado said it had “started to engage in more detailed discussions with several parties” about using Ocado Smart Platform and that it is looking to sign its first deal this year.
