Sainsbury’s in talks to sell Argos unit to JD.com

London: Britain’s second-largest grocer J Sainsbury Plc is in talks to sell its general merchandise unit Argos to Chinese eCommerce firm JD.com Inc.

“A transaction with JD.com would accelerate Argos’ transformation,” Sainsbury’s said in an emailed statement last Saturday, adding JD.com would bring retail, technology and logistics expertise and invest to drive Argos’ growth.

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London , Britain , J Sainsbury Plc , Argos , Chinese , eCommerce , JD.com Inc , sale talks , technology , logistics

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