UK’s Sainsbury’s in talks to sell Argos to China’s JD.com
By James Davey LONDON (Reuters) – British supermarket group Sainsbury’s is in talks with Chinese e-commerce giant JD.com about selling the Argos general merchandise retailer it bought for 1.1 billion pounds ($1.5 billion) in 2016. Sainsbury’s, which has been focusing more on food since Simon Roberts became CEO in 2020, said on Saturday a deal…