Sainsbury’s in talks to sell Argos to Chinese retailer JD.com
Supermarket says deal would speed up transformation of the retail business it bought for more than £1bn in 2016Sainsbury’s ill-starred ownership of the Argos retail business looks set to end as the supermarket is in negotiations for a sale to the Chinese retailer JD.com.No agreement has yet been...
<p>Supermarket says deal would speed up transformation of the retail business it bought for more than £1bn in 2016</p><p>Sainsbury’s ill-starred ownership of the Argos retail business looks set to end as the supermarket is in negotiations for a sale to the Chinese retailer JD.com.</p><p>No agreement has yet been reached but Sainsbury’s confirmed it was in discussions to hive off Argos, the general merchandise arm it <a href="https://www.theguardian.com/business/2016/feb/02/sainsburys-agrees-terms-13bn-deal-buy-home-retail-group">bought for more than £1bn</a> less than a decade ago.</p> <a href="https://www.theguardian.com/business/2025/sep/14/sainsburys-talks-sell-argos-chinese-retailer-jdcom">Continue reading...</a>
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