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The Guardian - UK
The Guardian - UK
Business
Joanna Partridge and Sarah Butler

Sainsbury’s to sell Argos to three retail veterans in £120m deal

Argos Sainsbury Simon Roberts SWIFT Habitat Morrisons
Sainsbury's and Argos signs on a store
Sainsbury’s bought Argos in 2016 as part of the Home Retail Group in a £1.3bn deal. Photograph: David Kilpatrick/Alamy

Sainsbury’s has agreed to sell the Argos retail chain for £120m to allow it to concentrate on its core food business.

The supermarket announced on Friday it was selling the catalogue shopping business to a trio of retail veterans, a decade after buying the company for more than £1bn.

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