Sainsbury's agrees sale of Argos to Swift Partners
The sale will enable full focus on core food business, with cash proceeds of at least £120m and ongoing commercial agreements.
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UK supermarket and retail group
sainsburys.co.ukLast updated
In short: Sainsbury's agreed to sell Argos to Swift Partners for £120 million and reported a 3.6% increase in grocery sales despite slower growth.
The sale will enable full focus on core food business, with cash proceeds of at least £120m and ongoing commercial agreements.
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A big deal has been confirmed...
J Sainsbury (LON:SBRY) said it has agreed to sell Argos to Swift, a move the supermarket group said will simplify its operations and allow management...
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