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Sainsbury's sells Argos to retail veterans Swift Partners for £120m
Sainsbury's will get cash proceeds of at least £120 million from the sale, with a £70 million up-front payment when the deal completes, which is expected in February next year.
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mirror.co.uk
Sainsbury's to sell Argos business for £120million
The deal will see Argos stores and collection points sold to Swift Partners, a new company which has been set up for this acquisition
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cityam.com
Sainsbury’s to sell Argos in £120m private equity-backed deal
Sainsbury’s has said it will sell long-struggling catalogue retailer Argos to a private equity-backed consortium in a £120m deal.
