Sainsbury’s agrees £120m Argos sale as Usdaw vows to protect jobs
· retailgazette.co.uk
<div class="at-above-post addthis_tool" data-url="https://www.retailgazette.co.uk/blog/2026/07/sainsburys-agrees-120m-argos-sale-as-usdaw-vows-to-protect-jobs/"></div>Sainsbury’s has agreed to sell Argos to newly formed investment company Swift Partners for at least £120m. Swift Partners was established for the acquisition by former Co-op boss Richard Pennycook, former Morrisons finance chief Trevor Strain and True Capital co-founder Matt Truman. The deal includes Argos’ standalone shops, stores inside Sainsbury’s supermarkets, sales channels, brands...<!-- AddThis Advanced Settings above via filter on wp_trim_excerpt --><!-- AddThis Advanced Settings below via filter on wp_trim_excerpt --><!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons above via filter on wp_trim_excerpt --><!-- AddThis Share Buttons below via filter on wp_trim_excerpt --><div class="at-below-post addthis_tool" data-url="https://www.retailgazette.co.uk/blog/2026/07/sainsburys-agrees-120m-argos-sale-as-usdaw-vows-to-protect-jobs/"></div><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt -->
Sainsbury’s has agreed to sell Argos to newly formed investment company Swift Partners for at least £120m.
Swift Partners was established for the acquisitio...