Sainsbury’s agrees £120m Argos sale as Usdaw vows to protect jobs
Culture Index
Score Breakdown
Relevance
11/25
Freshness
23/25
Authority
18/20
Brand Signal
6/15
Depth
6/15
5-Axis Cultural Radar
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...
