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Economy & Money

Sainsbury’s to sell Argos to three retail veterans in £120m deal

Business | The Guardian 31 July 2026, 09:47 UTC 2h ago

Sainsbury’s to sell Argos to three retail veterans in £120m deal — Business | The Guardian

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...

This story was reported by Business | The Guardian. EUROPES curates Europe's most relevant coverage — read the full report at the original source.

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