Reported about 15 hours ago
Sainsbury's, the UK supermarket group, is in discussions with China's JD.com to sell its Argos general merchandise retailer, which it acquired for £1.1 billion in 2016. The potential deal aims to leverage JD.com's retail and technology expertise to enhance Argos' growth and customer experience. However, no agreement has been finalized, and the outcome remains uncertain. Argos is a significant player in the UK retail market, while JD.com seeks to expand its presence beyond China.
Source: YAHOO