Sainsbury's Ends Talks to Sell Argos to JD.com
Sainsbury's has confirmed the collapse of negotiations to sell its Argos retail business to China's JD.com. While the supermarket had aimed to divest Argos, acquired for £1.1 billion in 2016, the end of talks suggests that a sale at reasonable terms may still be possible in the future.
Sainsbury's Ends Talks to Sell Argos to JD.com
Sainsbury's has confirmed the collapse of negotiations to sell its Argos retail business to China's JD.com. While the supermarket had aimed to divest Argos, acquired for £1.1 billion in 2016, the end of talks suggests that a sale at reasonable terms may still be possible in the future.
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