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Sainsbury’s in talks to sell Argos to Chinese retailer JD.com

Supermarket says deal would speed up transformation of the retail business it bought for more than £1bn in 2016Sainsbury’s ill-starred ownership of the Argos retail business looks likely to end as the supermarket negotiates a sale to the Chinese retailer JD.com.No agreement has yet been reached but Sainsbury’s confirmed it was in discussions to hive off Argos, the general merchandise arm it bought for more than £1bn less than a decade ago. Continue reading...

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