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    Sainsbury’s sells Argos for £120 million

    2 hours ago

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    Sainsbury’s has agreed to sell Argos to Swift Partners for at least £120 million, significantly less than the £1.4 billion it paid in 2016. The deal includes all Argos stores and staff, allowing Sainsbury’s to focus on its grocery operations. The transaction is expected to complete in February 2024, with ongoing income from commercial agreements.
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