The new owners of Argos could bring its beloved catalogue back after Sainsbury's announced it is selling the retailer for £120million.
Supermarket Sainsbury’s has said it will sell the firm – whose products range from furniture to technology – to a team of retail veterans, including former executives of Co-op and Morrisons.
Sales at Argos, which sells goods online that can be picked up at collection points in Sainsbury’s shops as well as some stand-alone shops, have tumbled in recent years due to competition from giants including Amazon and Shein.
The deal is expected to complete in February next year, with a full separation of the Argos business by 2029.
It is not clear how many jobs will be transferred in the process, even though Sainsbury's boss Simon Roberts insisted it is ‘business as usual’ for now.
