Sainsbury's Agrees £120m Deal to Sell Argos The UK retail landscape has been transformed with Sainsbury's agreeing to sell its struggling home shopping business, Argos, in a deal reportedly worth £120 million.
This significant development marks the end of an era for Argos, which has been a stalwart on British high streets since 1972.
Background to the Sale Argos was founded by Richard Tompkins in 1972 and acquired by Sainsbury's in 1998 for £1. 5 billion.