Sainsbury’s, which has focused more on food since 2020, had on Friday said it was in talks with JD.com for the sale of the retail giant.

Beijing-based JD.com is in advanced talks with the retailer’s parent company, Sainsbury’s

Supermarket says sale of the general merchandise retailer will accelerate its ‘transformation’

Supermarket terminates discussions with JD.com just 24 hours after possible takeover announced

UK supermarket chain says revised terms would not serve shareholders or staff

The UK supermarket previously indicated it was exploring a deal to ‘accelerate Argos’ transformation’

Sainsbury’s, which has focused more on food since 2020, had on Friday said it was in talks with JD.com for the sale of the retail giant.