Jonathan Faiman

rdf:langString Jonathan Faiman

rdf:langString Jonathan Faiman (born 1969) was one of the three founders of online grocery and technology business Ocado in 2000. He left the business in 2008, before the company floated on the London Stock Exchange. Faiman sold most of his shares in Ocado in 2010 at the time of its IPO for a reported value of £7 million. If owned in May 2020, the shares would have been worth over £500 million. More recently, in 2018, he founded Today Development Partners, also known as TDP and T0DAY (spelled with a zero), also an online grocery business that was established to rival his former business Ocado. This business has been the subject of controversy and litigation. In July 2019, Faiman was sued by Ocado over allegations that Faiman had colluded with Jon Hilary, then a senior Ocado employee, to steal confidential information from Ocado in order to launch T0DAY. In June 2021, the case was settled following an admission of wrongdoing by the pair and Faiman making a "significant payment" to Ocado. Ocado said it had recovered the confidential information and the High Court has made a permanent injunction, backed by a penal notice, preventing Faiman from using the confidential information in the future. The future of TDP is unclear.