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The Independent UK
The Independent UK
Business
Holly Williams

Sainsbury’s to sell Argos in £120m deal

Sainsbury Argos SWIFT
Sainsbury’s owns the Argos brand - (PA)

Sainsbury’s has agreed to sell its Argos business to Swift Partners in a deal worth at least £120 million.

The UK’s second-largest supermarket chain said the firm will buy 201 Argos standalone stores, as well as its 466 stores within Sainsbury’s shops, based on a long-term agreement and a further 466 collection points, logistics network, pet insurance and product warranty cover.

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