Sainsbury’s agrees to sell Argos for £120million as it focuses on food business

SAINSBURY'S has agreed to sell Argos as part of a £120million deal. The business will be sold off to Swift Partners, a new company formed by retail veterans Richard Pennycook, Trevor Strain and Matt Truman. Sainsbury's has been focusing more on its food business since its chief executive Simon Roberts took over in 2020. The...