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Argos not for sale... for now
Daily Record
|September 16, 2025
SAINSBURY'S IN SHARE PRICE LEAP
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SHARES in Sainsbury's hit a four-year high yesterday after the supermarket rebuffed a revised takeover approach for its Argos arm.
Sainsbury's held talks - confirmed on Saturday - with Chinese online giant JD.com about a potential takeover of the former catalogue chain.
But the store pulled the plug on Sunday following a swiftly arranged board meeting after Sainsbury's received new proposals that, it described as “materially different.
This story is from the September 16, 2025 edition of Daily Record.
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