Ocado’s Andover warehouse fire cost the business more than £100m


 

Online grocer Ocado has revealed the cost of the fire in February that destroyed its Andover customer fulfilment centre (CFC) to be £110.3m. The figure was reported in Ocado’s half-year results for the 26 weeks ending 2 June, which saw the business post a pre-tax loss of £142.8m (2018: loss of £13.6m). This figure includes a £98.5m exceptional cost from the fire, after £11.8m of insurance claims were taken into account. The fire, which destroyed the building, machinery and all […]