Sainsbury’s sells Argos to Swift Partners retail specialists

▤ Summary

Sainsbury’s agreed to sell Argos to Swift Partners in a deal worth at least £120 million. The transaction includes Argos stores, collection points, logistics assets, warranty and insurance lines, and related distribution and sourcing operations. Sainsbury’s will use the sale to concentrate on its core food and grocery business. Swift Partners said it plans to invest in Argos and strengthen its customer proposition, digital capabilities, and nationwide reach.

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