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.

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

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

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

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

Sainsbury’s agrees £120m sale of Argos to Swift Partners