Sainsbury’s talks to sell Argos to Chinese retailer JD.com collapse
NegativeWorld Affairs

Sainsbury's has confirmed that talks to sell its Argos retail business to Chinese retailer JD.com have collapsed. The supermarket had hoped to offload Argos, which it acquired for £1.1 billion in 2016.
Editor’s Note: This matters because the failed sale reflects ongoing challenges for Sainsbury's in managing its retail portfolio and adapting to competitive pressures in the market. The outcome could impact the company's strategy moving forward.
— Curated by the World Pulse Now AI Editorial System