| |
| | John Lewis investing in online food retail |
 | | 15/06/2001 - The British department store and supermarket group, John Lewis Partnership, is to increase its investment in Ocado, the Internet food retailer, as part of a £46m ($64.5m) fund-raising by the dotcom start-up, the Financial Times reports. |
 | | However, Ocado's money, which comes mainly from John Lewis and UBS, the investment bank, values the group at about £200m. |
 | | John Lewis will inject £11m to maintain its 40 per cent equity stake in Ocado, formerly known as Last Mile Solutions. |
| www.foodnavigator.com /news/ng.asp?id=40883-john-lewis-investing (348 words) |
|