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    Sainsbury’s sells Argos to Swift Partners

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    Sainsbury’s has agreed to sell its Argos business to Swift Partners for at least £120 million. The deal includes standalone Argos stores and those within Sainsbury’s shops, along with a logistics network and distribution center. Swift Partners is led by retail experts including Richard Pennycook. The transaction is expected to complete in February 2024, with an upfront payment of £70 million.
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