Sainsbury’s to sell Argos to three retail veterans in £120m deal
Sainsbury's agreed Friday to sell Argos retail chain to Swift Partners, a new company formed by retail veterans Richard Pennycook, Trevor Strain and Matt Truman, for £120 million. The supermarket bought Argos over a decade ago for more than £1 billion but struggled with the non-food business.
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Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 31 Jul 2026, 09:47 UTC · Updated 31 Jul 2026, 10:00 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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