// Waitrose has been left £4 million out of pocket through its brief tie-up with Today Development Partners
// The supermarket’s deal was supposed to help treble the size of its online business over three years
Waitrose has been left with a £4m hole after a brief four-month tie-up with an insolvent venture set up by one of Ocado‘s founders.
According to a report in The Times, Waitrose is the second-largest trade creditor of online grocery business Today Development Partners, which collapsed last month.
This was laid out in a progress report by administrators at Interpath, with Today Development Partners’ remaining assets sold to Ocado in a £326,00 deal.
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Waitrose signed a deal with the AI platform as it eyed expanding its digital offering.
While the deal was supposed to help treble the size of its online business over three years, just four months into the deal the supermarket ended the agreement, citing “business reasons,” in 2019.
“We have recently decided not to continue with that relationship and will instead pursue our online ambitions utilising existing expertise across the partnership,” said Waitrose at the time.
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