I don’t like posting direct links to linkedin, but the commentary around this (especially Ged Futter) is as high quality as the basic news articles. (Normally I go back to media sources e.g. newspaper websites, corporate press releases, or specialist trade websites)
Gusto is a high-end competitor to e.g. Hello Fresh (who also trades in the UK).
I also wonder if Marks & Spencer, who has a major ownership stake/JV/wholesale supply arrangement, has bought a pig in a poke.
One of the original investors in Ocado was the John Lewis Partnership, with their supermarket division, Waitrose, originally involved in wholesaling stock to Ocado. JLP sold out many years ago to other investors, didn’t quite realise the later valuations of the business.
Ocado for me seems to be going nowhere - they have all these international deals yet they are not profitable and losing money annually. Is it due to groceries being a low margin sector and their tech is expensive or what?
Low margin and ongoing investment in tech. Tesco etc, has 20+years of investment amortised.