Supermarket confirms it is no longer in discussions to sell the retail business it bought for £1.1bn in 2016
Sainsbury’s hopes of offloading its retail business Argos to one of China’s biggest retailers have collapsed as talks ended on Sunday.
The supermarket giant confirmed it was no longer in discussions with JD.com to sell Argos, the general merchandise arm it bought for more than £1bn less than a decade ago.
Source: World news | The Guardian.
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