Chinese retail giant in talks to buy Argos

Saturday 13 September 2025 3:51 pm

UK grocery store group Sainsbury’s has confirmed that it’s in discussions for a possible sale of struggling retail chain Argos to a number one Chinese language e-commerce big.

Retailer JD.com is trying to purchase Argos, because it seeks to place itself within the UK market.

The bid comes following JD.com’s failure to buy electrical retailer Currys final yr.

Sainsbury’s stated it’s “dedicated to delivering the strongest and most profitable future” for Argos and its customers.

It added the Group’s transformation technique, which goals to broaden Argos’ product vary, improve funding in digital platforms and streamline provide chains, is “delivering stable progress” for the web retailer.

Speed up development

Nevertheless, the grocery store chain stated a transaction with Nasdaq listed JD.com might speed up Argos’ transformation, by offering elevated know-how and logistics expertise.

The potential sale can also be anticipated to herald additional funding to drive Argos’ development and enhance the buyer expertise.

JD.com is China’s largest retailer with 600 million annual energetic clients.

The corporate reported income of $158.8bn (£128.5bn) within the 2024 monetary yr.

It reported income of $91.8bn within the first half of 2025.

The retailer was buying and selling at $33.67 upon markets closing on Friday.

No deal but

The phrases of any potential transaction would come with commitments from JD.com in relation to Argos for the good thing about customers, colleagues and companions.

The grocery store chain confirmed no deal has but been reached, including there isn’t a certainty at this stage that any transaction will proceed.