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Sainsbury’s to sell Argos to three retail veterans in £120m deal

The Guardian UK Friday 31 July 2026, 09:47 UTC By Joanna Partridge and Sarah Butler 1 min read
Key Points

Trio set up Swift Partners for the acquisition, allowing supermarket to focus on core food businessSainsbury’s has agreed to sell the Argos retail chain for £120m to allow it to concentrate on its core food business. The supermarket announced on Friday it was selling the catalogue shopping business to a trio of retail veterans, a decade after buying the company for more than £1bn.

Trio set up Swift Partners for the acquisition, allowing supermarket to focus on core food business

Sainsbury’s has agreed to sell the Argos retail chain for £120m to allow it to concentrate on its core food business.

The supermarket announced on Friday it was selling the catalogue shopping business to a trio of retail veterans, a decade after buying the company for more than £1bn.

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Sainsbury (ORG) Argos (ORG) Trio (ORG) Swift Partners (ORG) businessSainsbury (ORG)
Originally published by The Guardian UK Read original →

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