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The Independent UK

Business

Helen William

Sainsbury’s halts deal to sell Argos to Chinese retailer

Sainsbury Argos China JDcom United Kingdom

Sainsbury’s was in discussions regarding a potential sale of Argos - (PA Archive)

Supermarket giant Sainsbury’s has confirmed it has ceased discussions with Chinese e-commerce firm JD.com over a potential sale of its Argos chain.

The retailer announced on Sunday that talks had been "terminated", citing that JD.com’s proposed terms and commitments were "not in the best interests of Sainsbury’s shareholders, colleagues and broader stakeholders".

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