Ashurst bags mandate on Morrisons and Ocado deal
Ashurst instructed by Morrison on Ocado discussions while in-house lawyers at Morrisons and Amazon advise on grocery supply deal
March 02, 2016 at 06:03 AM
2 minute read
Ashurst is advising Morrisons on its discussions with Ocado to expand its delivery reach in the north of England and Scotland.
An agreement in principle has been reached which would involve Morrisons taking space in Ocado's new customer fulfilment centre in Erith, and Ocado delivering Morrisons' produce in areas not currently serviced.
The Ashurst team advising Morrisons is being led by corporate partners Bruce Hanton and Dominic Ross.
In 2013 Ashurst advised the supermarket when it launched its online grocery service with Ocado.
Previous global head of corporate at Ashurst, Stephen Lloyd, led the firm's team alongside fellow corporate partners Adrian Clark and Karan Dinamani.
Ocado is understood to have been advised solely by its in-house legal team.
In September last year, Eversheds and Fladgate took the lead roles on Morrisons' £25m sale of 140 stores to retail entrepreneur Mike Greene and investment firm Greybull Capital.
Eversheds took the lead role for Morrisons, with a team led by corporate partner James Trevis and real estate partner Susan Samuel. The firm was one of a number appointed to Morrisons' first-ever formal legal panel in 2013, alongside Allen & Overy, Ashurst and DAC Beachcroft.
Fladgate advised Greybull and Greene, with team led by corporate partner Ian Brent, alongside finance partner Jeremy Whiteson, tax partner Hamilton Forrest, commercial partner Eddie Powell and real estate partners Richard Reuben and Nick Mumby.
Meanwhile Morrisons and Amazon's in-house lawyers have advised on the supermarket giant's deal to supply groceries to Amazon customers in the UK.
Anne Blakey, commercial legal counsel at Morrisons led on the deal. She was previously managing associate at Addleshaw Goddard's Leeds office.
The deal will see the fourth-largest UK supermarket supply products to the US giant's UK Amazon Prime Now and Amazon Pantry services.
Amazon's in-house legal team also advised on the deal.
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