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Anna Wise

Sainsbury’s sells Argos credit card business for £720m

Argos Sainsbury

Sainsbury’s has agreed to sell its Argos credit cards business for £720 million (Danny Lawson/PA) - (PA Archive)

Sainsbury’s has agreed to sell its Argos credit cards business for £720 million as the chain continues to retreat from financial services and home in on food.

The card portfolio will be acquired by credit provider NewDay Group.

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