Can a team of retail veterans solve Argos’ catalogue of woes?

The death of the Argos catalogue in 2021 after nearly half a century prompted a period of mourning for many in Britain – including the retailer’s new owner. “I used to sit around the kitchen table putting green shield stamps into books,” Richard Pennycook said on Friday, referring to the original iteration of the catal

Supermarket Sainsbury's has said it will sell the firm - whose products range from furniture to technology - to a team of retail veterans, including former executives of Co-op and Morrisons.

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