Sainsbury’s confirmed today (5 January) that it made an unsuccessful takeover bid for Home Retail Group – the owner of Argos and Homebase – last November in an effort to “create a food and non-food retailer of choice for customers”.
The cash and shares bid was rejected but Sainsbury’s said it is now “considering its position” although it also stated there was no certainty of a future offer.
It comes almost 12 months after the grocer first paired with Argos to open 10 digital stores in its supermarkets. Customers were given access over 20,000 non-grocery products in-store which they Read full story ›
Source: The Drum
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