Sainsbury’s to sell Argos to three retail veterans in £120m deal
•Sainsbury's is selling the Argos retail chain for £120 million.
•The sale allows Sainsbury's to focus on its core food business.
•The buyers are a trio of retail veterans who formed Swift Partners for the acquisition.
المصدر: The Guardian | Source: The GuardianTrio set up Swift Partners for the acquisition, allowing supermarket to focus on core food business
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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→Sainsbury's is selling the Argos retail chain for £120 million.
→The sale allows Sainsbury's to focus on its core food business.
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