Ocado Falls After Kroger Questions Warehousing Future

Ocado Group Plc shares tumbled the most since February after Kroger Co. questioned the future of their partnership, raising concerns that the major US grocer could close some existing automated warehouses to cut costs.

Britain’s Ocado has been selling expensive automated warehouse technology to power online grocery shopping since it was founded in 2000, and has tied up with some of the world’s biggest supermarkets like Kroger and Sobeys Inc.