BUSINESSJul 31 · 06:36 UTCBLOOMBERGMaddie Parker

Sainsbury’s to Sell Argos Division for at Least £120 Million

J Sainsbury Plc agreed to sell its struggling Argos division to Swift Partners for at least £120 million. The buyer, Swift Partners, is backed by retailers including Richard Pennycook, a former Co-op boss.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned

J Sainsbury PlcorganizationArgosorganizationSwift PartnersorganizationRichard PennycookpersonCo-oporganization

Spot something wrong with this article?Report a problem →

Forward this

Related Signal

Adjacent reporting

BUSINESSJul 31 · 07:43 UTC
Sainsbury's sells its Argos business to Swift Partners for £120million
BUSINESSJul 31 · 06:14 UTC
Sainsbury's agrees £120m deal to sell Argos
BUSINESSJun 8 · 07:30 UTC
Britain for sale: Ingredients firm Tate & Lyle is snapped up by US rival in £2.7billion deal
BUSINESSMay 22 · 11:03 UTC
Argos' summer essentials are set to sell out as prices are slashed in huge bank holiday sale! We've scrolled and found garden furniture, appliances, toys and jewellery, from as little as £10
BUSINESSJun 10 · 18:18 UTC
Mike Ashley’s Frasers makes €1.98bn takeover offer for Hugo Boss
BUSINESSJun 18 · 10:14 UTC
Britain for sale: Intertek agrees £10.7bn takeover by Swedish firm EQT