Sainsbury’s in Talks to Sell Argos to China’s JD.com
British supermarket chain Sainsbury’s has entered discussions with Chinese e-commerce giant JD.com regarding the potential sale of Argos, its general merchandise subsidiary. Sainsbury’s acquired Argos in 2016 for £1.1 billion ($1.5 billion) as part of a strategy to expand its non-food retail offering. The talks signal a possible shift in Sainsbury’s business focus amid evolving […]
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