Key facts
- Sainsbury's sold its catalogue retailer Argos.
- The sale price for Argos was £120 million.
- Private equity firm Swift purchased Argos.
- The sale is part of Sainsbury's strategy to divest non-core assets.
- Sainsbury's is focusing on its primary food business.
- Sainsbury's previously sold its financial services business.
- Sainsbury's has divested other retail ventures.
Sainsbury's has completed the sale of its catalogue retailer, Argos, for £120 million. The buyer is the private equity firm Swift. This transaction represents a significant step in Sainsbury's long-standing strategy to divest non-core assets and sharpen its focus on its primary food retail business. The sale of Argos follows previous strategic decisions by Sainsbury's to exit other ventures, including its financial services division and other retail operations. This move underscores Sainsbury's continued retreat from the broader high street retail landscape as it prioritizes its core grocery operations.