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Sainsbury’s agrees deal to sell Argos for £120m
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7
Coverage
Limited spectrum
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◀ Left 71%Centre 29%Right 0% ▶
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NEWSDECK ANALYSIS
The sale of Argos by Sainsbury's for £120m is widely reported across different outlets, with all sources agreeing on the key facts of the deal. However, the framing of the story varies slightly, with some outlets like City AM highlighting Sainsbury's focus on its food business, while others like the Mirror News simply report the sale. The tone remains largely neutral across centre-leaning outlets like BBC Business and Sky Business.
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Independent Business
Sainsbury’s agrees deal to sell Argos for £120m
The supermarket will sell Argos for a fraction of the £1.4 billion price it paid to the chain’s previous owner Home Retail Group in 2016.
31 Jul, 10:35
Evening Standard
Sainsbury’s agrees deal to sell Argos for £120m
The supermarket will sell Argos for a fraction of the £1.4 billion price it paid to the chain’s previous owner Home Retail Group in 2016.
31 Jul, 10:35
Guardian Business
Sainsbury’s to sell Argos to three retail veterans in £120m deal
Trio set up Swift Partners for the acquisition, allowing supermarket to focus on core food business
Sainsbury’s has agreed to sell the Argos retail chain for £120m to allow it to concentrate on its core food business.
The supermarket announced on Friday it was selling the catalogue shopping business to a trio of retail veterans, a decade after buying the company for more than £1bn.
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31 Jul, 09:47
BBC Business
Sainsbury's to sell Argos for £120m
Under the terms of the deal, Argos will still operate in Sainsbury's shops, sell Habitat products, and offer Nectar points.
31 Jul, 06:50
Mirror News
Sainsbury's to sell Argos business for £120million
The deal will see Argos stores and collection points sold to Swift Partners, a new company which has been set up for this acquisition
31 Jul, 06:28
Centre
(2)
City AM
Sainsbury’s to sell Argos in £120m private equity-backed deal
Sainsbury’s has said it will sell long-struggling catalogue retailer Argos to a private equity-backed consortium in a £120m deal. The supermarket giant said the sale will enable it to focus on its food business and deliver higher cash generations and healthier margins. Sainsbury’s bought Argos a decade ago but the retailer has long dragged on [...]
31 Jul, 06:38
Sky Business
Sainsbury's agrees £120m deal to sell Argos
Sainsbury's has revealed it is selling Argos under a "business as usual" deal that will allow the company to concentrate on its core supermarket business.
31 Jul, 06:14
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No coverage from this perspective yet