Sainsbury’s to sell Argos to three retail veterans in £120m deal
by Joanna Partridge and Sarah Butler from World news | The Guardian on (#77C36)
Trio set up Swift Partners for the acquisition, allowing supermarket to focus on core food business
Sainsbury's has agreed to sell the Argos retail chain for 120m to allow it to concentrate on its core food business.
The supermarket announced on Friday it was selling the catalogue shopping business to a trio of retail veterans, a decade after buying the company for more than 1bn.
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