Sainsbury's is in talks with one of China’s biggest retailers about selling Argos, the general merchandise group it bought almost a decade ago.
The supermarket said on Saturday that it was in discussions with JD.com and that a sale would “accelerate Argos’s transformation”.
“JD.com would bring world-class retail, technology and logistics expertise and invest to drive Argos’ growth and further transform the customer experience,” Sainsbury’s said in a statement issued in response to media speculation. The Telegraph first reported the talks.
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