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The Guardian - UK

Business

Gwyn Topham

Sainsbury’s talks to sell Argos to Chinese retailer JD.com collapse

Argos Sainsbury JDcom

An Argos store inside a Sainsbury’s supermarket in Richmond, west London — Argos has operated increasingly online on recent years and within larger Sainsbury’s branches. Photograph: Henry Nicholls/Reuters

Sainsbury’s hopes of offloading its retail business Argos to one of China’s biggest retailers have collapsed as talks ended on Sunday.

The supermarket giant confirmed it was no longer in discussions with JD.com to sell Argos, the general merchandise arm it bought for more than £1bn less than a decade ago.

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