Sainsbury’s Agrees to Sell Argos Division to Swift Partners
J Sainsbury Plc agreed to sell its struggling Argos general merchandise unit to Swift Partners, a new company backed by retailers including former Co-op boss Richard Pennycook.
By Stuart Biggs · Bloomberg Markets
J Sainsbury Plc agreed to sell its struggling Argos general merchandise unit to Swift Partners, a new company backed by retailers including former Co-op boss Richard Pennycook.