Mark & Spencer to buy into Ocado πŸ§πŸ€”

Interesting… M&S reported drop in sales and profit :face_with_monocle::face_with_thermometer:

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UK food revenue was down 0.6 per cent, with like-for-like revenue down 2.3 per cent

This is the most concerning thing personally given their plans to become a more mainstream grocery store.

Anyone else keeping an eye on M&S? With the Ocado switch from Waitrose to M&S products in September and the massive uplift in Ocado I’m holding a smallish position to keep an eye on how it all pans out

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I was also looking into this but I don’t know if Ocado will be sufficient to sustain M&S. I think it is better to invest in Ocado itself, maybe later on they will seek again a new partner and ditch M&S (or M&S will ditch them).

Just saw that they also will not be paying a dividend this year and next year. That will save money but is sad for the dividend investor. If I buy into M&S it will be immediately.