Sainsbury's divests Argos for £120m: The grocery giant has offloaded its £1.4bn 2016 acquisition to a new venture, Swift Partners, for a fraction of its cost, finally unburdening itself from a decade of drag.
Swift Partners' retail veterans: Led by ex-Co-op chief Richard Pennycook and former Morrisons exec Trevor Strain, the group aims to revitalize the 1,117-store Argos business, potentially even bringing back the catalogue.
