Trio 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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This article was originally published by The Guardian and written by Joanna Partridge and Sarah Butler.
Read original article on The Guardian