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Tim Steiner (businessman) Tim Steiner OBE (born 9 December 1969) is a British businessman who is the co-founder and chief executive (CEO) of Ocado, the FTSE 100 online grocery and technology business. As of May 2023, Ocado had a market capitalisation of nearly £3 billion. [1] The 2020 Sunday Times Rich List estimates that Steiner is worth £ ...
It also owns a 50% share in the UK retail business, Ocado.com (the other 50% is owned by UK retailer Marks & Spencer). [30] In 2023, the retail business accounted for around 90% of group revenue. [28] Since 2014, Ocado has supported Code For Life, a not-for-profit organisation which helps children learn computer programming. [31]
The Waitrose branch in Cheadle Hulme, Stockport, built in 2007, was Waitrose's first purpose-built retail outlet in Northern England. Waitrose & Partners is a British supermarket chain, founded in 1904 as Waite, Rose & Taylor, later shortened to Waitrose. In 1937, it was acquired by the John Lewis Partnership, the UK's largest employee-owned ...
Net income. £17.3 million (2022) [3] Website. farmfoods.co.uk. Farmfoods Limited is a Scottish frozen food and grocery supermarket chain based in Cumbernauld, Scotland. [4] It is owned by Eric Herd, and has over three hundred shops in the United Kingdom, of which more than a hundred are in Scotland. [5][6] Farmfoods primarily focuses on frozen ...
Sainsbury's. J Sainsbury plc, trading as Sainsbury's, is a British supermarket and the second-largest chain of supermarkets in the United Kingdom. [2] Founded in 1869 by John James Sainsbury with a shop in Drury Lane, London, the company was the largest UK retailer of groceries for most of the 20th century.
In 2019, M&S paid up to £750 million (dependent on future performance) for 50% of online retailer Ocado Retail Ltd, displacing Waitrose as Ocado's retail partner. [154] Since 2020, [ 155 ] customers are directed to Ocado's website where they can order food and selected clothing items. [ 156 ]
The UK Groceries Code Adjudicator found in a 2015–16 investigation into Tesco that some suppliers paid "large sums of money in exchange for category captaincy or participation in a price review". She found some evidence of benefits which suppliers derive from these arrangements but also recorded a concern—to be investigated further—as to ...
In January 2000, he started Ocado with two former colleagues from Goldman Sachs, Tim Steiner and Jonathan Faiman. [3] [4] He became chief financial officer of the company. [3] The company moved from a start-up to a household name during his 15 years there. In January 2014, Gissing announced that he would retire in May. [5]
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