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Sainsbury’s agrees £120m sale of Argos to Swift Partners
Sainsbury's has signed a deal to sell Argos to Swift Partners, with the transaction set to deliver cash proceeds of at least £120m ($161.3m). The UK supermarket group said the disposal would allow it to focus on its core food business and its Next …
Sainsbury's sells Argos to Swift Partners for $161M a decade after $1.8B deal
Peter Dazeley/Getty Images British supermarket chain Sainsbury's has sold general merchandise retailer Argos at a heavy loss, less than a year after talks to offload the group to JD.com collapsed. The deal will see Argos transferred to Swift Partners, and Sainsbury's anticipates cash proceeds …
Sainsbury’s sells Argos to Swift Partners retail specialists
Supermarket Sainsbury's has agreed to sell its Argos business to a firm set up by retail veterans including former Co-operative Group boss Richard Pennycook in a deal worth at least £120 million. The grocery chain said Swift Partners will buy 201 Argos standalone stores, …
Sainsbury’s to sell Argos for just £120m
Sainsbury's integrated Argos into its stores after buying it for £1.4bn in 2016 - Stan Pritchard / Alamy Stock Photo Sainsbury's has agreed to sell Argos for just £120m a decade after it bought the retailer for £1.4bn. The supermarket giant confirmed on Friday …
Wildfires threaten Britain’s food security, supermarket bosses warn
Wildfires in other countries, such as France, have an effect on Britain's food supply - Ed Jones/AFP Wildfires and extreme weather are putting Britain's food supplies at risk, the bosses of Britain's biggest supermarkets have warned. The chief executives of Tesco, Waitrose, Sainsbury's, Aldi …