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UK's Sainsbury's in talks to sell Argos to China's JD.com

Sainsbury's, a UK supermarket chain, is in discussions regarding a potential sale of its Argos Retail Group to Chinese e-commerce company JD.com.
JD.com would bring retail, technology and logistics expertise to Argos and invest to drive its growth and transform the customer experience if a deal is reached.
No agreement has been reached yet, and there is no certainty that a transaction will proceed, according to Sainsbury's.

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18 Articles

Sainsbury’s in Talks to Sell Argos Unit to China’s JD.com

Britain’s second-largest grocer J Sainsbury Plc is in talks to sell its general merchandise unit Argos to Chinese e-commerce firm JD.com Inc.

7 hours ago·United States

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The Telegraph

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Chinese retail giant plots swoop for Argos

Beijing-based JD.com is in advanced talks with the retailer’s parent company, Sainsbury’s

7 hours ago·London, United Kingdom

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Reuters

+3 Reposted by 3 other sources

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UK's Sainsbury's in talks to sell Argos to China's JD.com

British supermarket group Sainsbury's is in talks with Chinese e-commerce giant JD.com about selling the Argos general merchandise retailer it bought for 1.1 billion pounds ($1.5 billion) in 2016.

7 hours ago·United Kingdom

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This Is Money

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Sainsbury's in talks to sell Argos to 'China's answer to Amazon'

The supermarket chain, who snapped up Argos in a £1.3billion deal less than a decade ago, has announced that it is in talks with Jingdong, known as JD.com to offload the struggling retailer.

10 hours ago·United Kingdom

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Evening Standard

+2 Reposted by 2 other sources

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Sainsbury’s in talks to sell Argos to China’s JD.com

The supermarket said a sale of the general merchandise retailer would accelerate its ‘transformation’.

10 hours ago·London, United Kingdom

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The Sun

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Chinese shopping giant 'in talks to buy UK's leading home retailer'

SAINSBURY'S is in talks with a Chinese retail giant about selling Argos.On Saturday, the high street supermarket chain said it was in discussions rega

10 hours ago·United Kingdom

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