Hogan Lovells Advises Waitrose on New Deal with Ocado
27 May 2010
LONDON, 27 May 2010 - Hogan Lovells has advised Waitrose on its new ten year deal with online grocer Ocado. The deal, signed on 25 May 2010, extends the relationship between Waitrose and Ocado until September 2020. It is a significant development for both companies in the online grocery market.
The John Lewis Partnership and Waitrose have been important clients of Hogan Lovells (and Lovells before it) for many years. This represents a further step in a line of Waitrose’s key strategic deals on which the firm has advised over the past decade including the creation of the relationship with Ocado in 2000 and more recently relationships currently being trialled with Shell and Boots.
The team supporting Waitrose and John Lewis on these various strategic deals has included partner Peter Watts (who led the recent Ocado negotiations), corporate lead partner for John Lewis Frances Le Grys, partners Paul Joukador (commercial) and Lesley Ainsworth (competition), of counsel Angus Coulter (competition) and associates Helen Gardner and Hannah Condon (commercial).
Peter Watts commented: "Our relationship with John Lewis and Waitrose is a very valued part of our strong retail and commercial practice. We enjoy working with the team there particularly on fascinating deals of this sort which enable their unrivalled brand and product range to achieve an ever wider reach."
Peter Rice, Principal Commercial Lawyer at John Lewis Partnership, said: "These are exciting times for Waitrose and the support we have received from Hogan Lovells has been invaluable in driving these important projects forward."
Mark Price, Managing Director of Waitrose said: "Waitrose and Ocado have worked well together for many years and are complementary businesses with a shared passion for high quality food, outstanding customer service and great value. This new agreement paves the way for another long period of growth together."