Latest news with #BonPreu
Daily Mail
6 hours ago
- Business
- Daily Mail
Ocado to build new robotic warehouse for Catalan partner Bon Preu
Ocado has expanded its partnership with Spanish supermarket business Bon Preu, with plans to build a robotic warehouse near Barcelona. While Ocado runs an online supermarket via a joint venture with Marks & Spencer in Britain, a large slice of its value is driven by the sale of its cutting-edge warehouse technology to retailers around the world. Ocado shares have fallen 30 per cent in the last year, reflecting market angst at the pace on new site openings for its existing grocery retail partners and a lack of further technology deals. Bon Preu was Ocado's first international partner, signing a deal in 2017 which enabled it to use Ocado's technology to fulfil online grocery orders from its stores. The new automated warehouse, or Customer Fulfilment Centre, at Parets del Vallès in Catalonia, will enable Bon Preu to offer a broader range of products with greater freshness and higher availability. Gregor Ulitzka, Europe president for Ocado Solutions, said: 'Our partnership with Bon Preu is an amazing example of a retailer using the full strategic toolkit that Ocado offers.' Anna Font i Tanyà, commercial director at Bon Preu, said: 'Our commitment to the online channel is strong. 'We will continue improving the range, punctuality and quality of the orders in our operations, and we will do so in close partnership with Ocado. 'With their experience and technology, we are confident we will continue to grow in a sustained and sustainable way, while continuing to offer the best online shopping experience to our customers.' In February, Ocado announced job cuts across its technology teams as part of its efforts to reduce costs using artificial intelligence to help with research and engineering. The company, which employs around 20,000 people, said AI had helped boost the productivity of its engineering team, enabling it to cut 500 roles across its technology and finance arms. Ocado had already reduced its headcount by 1,000 in the last financial year. At the time of the announcement in February, Tim Steiner, Ocado's chief executive, said the planned job cuts were 'never something that's easy or that we take lightly. It's a very difficult day for us to have to announce that.'
Reuters
9 hours ago
- Business
- Reuters
Ocado, Bon Preu to build new fulfilment centre in Catalonia
June 18 (Reuters) - British online supermarket and technology firm Ocado (OCDO.L), opens new tab said on Wednesday it has expanded its partnership with retailer Bon Preu in Catalonia to build a new customer fulfilment centre for its offerings in the region.
