Shares in the Ocado Group plummeted more than 17 per cent on Tuesday after US grocery retailer Kroger announced it would close three underperforming warehouses developed using the British firm’s technology, dealing a major blow to its licensing business. The London-listed group, which provides automated technology for distribution centres and also runs its own grocery business, said it would lose $50 million in revenue in the current financial year due to the closures. On the subject you can read here.
