UK’s Sainsbury’s ends talks to sell Argos to China’s JD.com

British supermarket group Sainsbury’s said on Sunday it has terminated talks with Chinese e-commerce giant JD.com over selling the Argos general merchandise retailer, a day after it had confirmed discussions were continuing. “JD.com has communicated that it would now only be prepared to engage on a materially revised set of terms and commitments,” Sainsbury’s said in a statement, adding that…

Source: https://www.scmp.com/business/china-business/article/3325515/uks-sainsburys-ends-talks-sell-argos-chinas-jdcom?utm_source=rss_feed