Sainsbury's in the UK Halts Negotiations to Sell Argos to JD.com of China
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 14 2025
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Source: Reuters
Termination of Talks: Sainsbury's has ended discussions with JD.com regarding the sale of Argos due to JD.com's demand for significantly revised terms, which Sainsbury's deemed not in the best interest of its shareholders.
Financial Outlook: Despite the termination of the sale talks, Sainsbury's expects to achieve a retail underlying operating profit of approximately £1 billion ($1.36 billion) for the financial year 2025-2026.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
