Sainsbury's Sells Argos for £120 Million to Swift Partners
Sainsbury's has reached an agreement to sell its Argos retail division for £120 million to Swift Partners. The deal involves three retail veterans acquiring the popular catalogue retailer.
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Sainsbury's to sell Argos for £120m
Under the terms of the deal, Argos will still operate in Sainsbury's shops, sell Habitat products, and offer Nectar points.
Read full article →Sainsbury’s Agrees to Sell Argos Division to Swift Partners
J Sainsbury Plc agreed to sell its struggling Argos general merchandise unit to Swift Partners, a new company backed by retailers including former Co-op boss Richard Pennycook.
By Stuart Biggs
Read full article →Sainsbury’s strikes deal to sell Argos for £120mn to Swift Partners
Sale marks UK retailer’s second attempt to offload general merchandise chain as it focuses on its core food business
Read full article →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 Sainsbury’s has agreed to sell the Argos retail chain for £120m to allow it to concentrate on its core food business. The supermarket announced on Friday it was selling the catalogue shopping business to a trio of retail veterans, a decade after buying the company for more than £1bn. Continue reading...
By Joanna Partridge and Sarah Butler
Read full article →Sainsbury’s agrees deal to sell Argos for £120m
The supermarket will sell Argos for a fraction of the £1.4 billion price it paid to the chain’s previous owner Home Retail Group in 2016.
By Holly Williams
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