The Guardian·3 min read·medium
Sainsbury’s to sell Argos to three retail veterans in £120m deal
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Joanna Partridge, Sarah Butler
✦AI Summary
Sainsbury's has agreed to sell its Argos retail chain to Swift Partners for £120 million. The move is intended to allow the supermarket giant to focus exclusively on its core food business.
Sainsbury’s bought Argos in 2016 as part of the Home Retail Group in a £1.3bn deal. Sainsbury’s bought Argos in 2016 as part of the Home Retail Group in a £1.3bn deal. Retail industry Sainsbury’s to sell Argos to three retail veterans in £120m deal Trio set up Swift Partners for the acquisition, allowing supermarket to focus on core food business
businesseconomy
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