Sainsbury’s to sell Argos for £120m…

From the BBC: Sainsbury’s has agreed to sell Argos for £120m as the supermarket chain aims to focus on its core food business. The buyer, Swift Partners, is a company which has been created to buy the brand and includes former Co-operative Group boss Richard Pennycook. There are Argos 667 shops across the UK, with 201 operating as standalone stores and 466 operating within Sainsbury’s. It also has more than 450 collection points. Swift Partners’ Pennycook said he believed...