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Sainsbury’s pushes ahead with cut-price sale of Argos in bid to create a ‘simpler, more focused business’

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SAINSBURY’S has lifted its profits outlook — as it announced its cut-price sale of Argos is set to go ahead in February next year. Back in July, the chain agreed to sell Argos for at least £120million to Swift Partners — an investment consortium owned by retail veterans, including former CO-OP boss Richard Pennycook. The…

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