Sainsbury’s in talks to sell Argos to Chinese retailer JD.com
by Gwyn Topham from World news | The Guardian on (#7015K)
Supermarket says deal would speed up transformation of the retail business it bought for more than 1bn in 2016
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.
No agreement has yet been reached but Sainsbury's confirmed it was in discussions to hive off Argos, the general merchandise arm it bought for more than 1bn less than a decade ago.
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