Sainsbury’s has agreed to sell Argos in a deal reported at £120m. Multiple outlets describe the transaction as a “business as usual” arrangement intended to allow Sainsbury’s to focus on its core supermarket operations. Under the terms set out in coverage of the sale, Argos continues to operate within Sainsbury’s stores, including selling Habitat products. The reporting also states that the Argos offering in Sainsbury’s locations continues to include Nectar loyalty points. In addition to concession-style operations inside Sainsbury’s supermarkets, coverage indicates that the arrangement includes Argos standalone stores as well as sites located within Sainsbury’s shops. The sources agree on the headline deal value and the ongoing nature of Argos’s customer-facing presence through Sainsbury’s retail space. Further details on timing and the buyer are not included in the provided excerpts.
Sainsbury’s agrees £120m deal to sell Argos
Sainsbury’s has agreed to sell Argos in a deal reported at £120m. Multiple outlets describe the transaction as a “business as usual” arrangement intended to allow Sainsbury’s to focus on its core supe...
- Sainsbury’s agrees to sell Argos for £120m.
- The deal is described as operating on a “business as usual” basis.
- Argos continues to trade within Sainsbury’s shops after the sale.
- Argos sales in Sainsbury’s locations include Habitat products.
- Nectar points remain available for Argos customers.
The deal will include Argos standalone stores and those within Sainsbury’s shops
2 hours agoUnder the terms of the deal, Argos will still operate in Sainsbury's shops, sell Habitat products, and offer Nectar points.
3 hours agoSainsbury's has revealed it is selling Argos under a "business as usual" deal that will allow the company to concentrate on its core supermarket business.
3 hours ago
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