THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Ocado moves slowly to flotation with FD appointment

By appointing a finance director Ocado has shown that the stock market is receptive to retail listings and that it has itself moved one significant step closer to its long-mooted market debut.

OMNICHANNEL

Ocado moves slowly to flotation with FD appointment

Current finance director and co-founder of Ocado Jason Gissing is to step aside and make way for Andrew Bracey who joins the online grocer from investment firm Jefferies International where his role involved advising Ocado.

The move marks a significant step for the company that has long been talked about as a float candidate and which could have a value of between £500 million and £600 million. Along with the three co-founders, a major beneficiary of the float would be John Lewis, which was an early investor in Ocado and placed the investment in its pension fund two years ago.

The appointment of Bracey will also enable Gissing to concentrate on other tasks within the company that continues to grow at a rapid rate and moves closer to breaking even.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing