Sainsbury's agrees to sell Argos for £120m
Under the terms of the deal, Argos will still operate in Sainsbury's shops, sell Habitat products, and offer Nectar points.
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"strongly in Argos's future and see real opportunities to invest and build on its progress"
— Richard Pennycook , Executive
"wholly aligned with Sainsbury's grocery business"
— Clive Black , Other
"the announcement would create uncertainty, but that it welcomed Swift's commitment to keeping the model of store in stores, standalone stores and local fulfilment centres"
— Bally Auluk , Activist
Key People
Locations
All Coverage
Under the terms of the deal, Argos will still operate in Sainsbury's shops, sell Habitat products, and offer Nectar points.
Similar Stories
Related coverage based on topic and tags
Harvey Nichols bought by Sports Direct owner
Harvey Nichols was founded in 1831, but had appointed an administrator in June.
August 13, 2026 at 01:00 PMSainsbury's branch halts AI use as shopper ejected
Matt Arnold says he was asked to leave the store after being wrongly flagged as a shoplifter.
August 17, 2026 at 04:57 AMCoventry agree deal for Forest striker Awoniyi
Coventry City agree a deal worth about £17m for Nottingham Forest striker Taiwo Awoniyi.
August 16, 2026 at 12:03 PMHow switching your bank account could earn you up to £220
New research suggests staying put is costing British savers billions in missed interest every year.
August 16, 2026 at 11:14 PMSheffield United's ex-owners winds up company which bought club - Reuters
Sheffield United's ex-owners winds up company which bought club Reuters
August 19, 2026 at 12:36 PMConsortium including Amazon founder Jeff Bezos to buy minority stake in Liverpool - Reuters
Consortium including Amazon founder Jeff Bezos to buy minority stake in Liverpool Reuters
August 14, 2026 at 05:33 PM