Sainsbury's Agrees to Sell Argos for £120m

Sainsbury's has agreed to sell Argos for £120 million in a deal that will keep Argos operating in Sainsbury's shops, selling Habitat products and offering Nectar points, allowing Sainsbury's to focus on its core grocery business.

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BBCSky

Sainsbury's agrees to sell Argos for £120m

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Under the terms of the deal, Argos will still operate in Sainsbury's shops, sell Habitat products, and offer Nectar points.

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Source reports

BBC Published 31 July 2026

Sainsbury's agrees 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.

Sky Published 31 July 2026

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 grocery business.