Sainsbury’s has agreed to sell Argos to Swift Partners for at least £120 million in cash proceeds, a move intended to allow Sainsbury’s to focus on its core food business and support Argos’s future growth.
The transaction, expected to complete in February 2027, will result in a broadly neutral impact on Sainsbury’s underlying operating profit and is anticipated to improve retail free cash flow generation.
Long-term commercial agreements will maintain ongoing value through rental income and Nectar-related income. Sainsbury’s continues to forecast total underlying operating profit between £975 million and £1,075 million and retail free cash flow exceeding £500 million in FY27.
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