Online supermarket boss begins divorce hearing

Divorce|July 2nd 2016

The High Court has begun hearing the multi-million divorce of supermarket co-founder Tim Steiner.

The former merchant banker co-founded online grocer Ocado with Jonathan Faiman and Jason Gissing back in 2000. The company, which fulfils orders direct from warehouses, now attracts turnover of more than £1 billion a year.

Mr Steiner, 46, filed for divorce from wife Belinda earlier this year after more than 14 years together. They enjoyed a prosperous lifestyle in North London with a holiday home in France, and had four children.

The divorce will be heard in closed court by Mr Justice Bodey.

Mr Steiner worked as a stock market bond trader in London, Hong Kong and New York for eight years before leaving to help the firm, which has since become one of the world’s largest online supermarkets.

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