Sainsbury’s sells its Argos business to Swift Partners for £120million
- Sainsbury’s sells Argos to Swift Partners for at least £120 million.
- The transaction is expected to complete in February 2027.
- All 14,000 Argos staff are expected to transfer.
Sainsbury’s has agreed to sell Argos to retail investment group Swift Partners for at least £120 million, ending a decade of ownership. The move reflects Sainsbury’s strategy to concentrate on its core food business, while Swift says it will invest in and transform Argos amid intense online competition…