Argos Deal Off! Sainsbury's Walks Away From JD.com
Update: 2025-09-14
Description
The deal is off! Sainsbury's pulls the plug on selling Argos to Chinese giant JD.com after last-minute changes threatened shareholder, employee, and partner interests. What does this mean for Argos' future and Sainsbury's focus on its core food business? Despite slipping demand and a failed sale, Sainsbury's remains optimistic, citing summer trading success and ongoing modernization plans. Is this a setback or an opportunity for Argos to reinvent itself?
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