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Sainsbury’s Walks Away From Argos Sale Talks With JD.com

Sep 15, 2025, 3:44 a.m. ET

AsianFin -- UK supermarket giant Sainsbury’s has ended negotiations with Chinese e-commerce company JD.com over the potential sale of its general merchandise retailer Argos. The company said the terms and level of commitment offered by JD.com were not aligned with the best interests of its shareholders and employees, according to a Reuters report on Monday.

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