Sainsbury’s completes acquisition of Home Retail Group

Sainsbury’s has successfully completed its £1.4bn acquisition of Argos owner Home Retail Group.

The supermarket is now set to open more Argos digital concessions in its stores, having tested the format in 10 outlets earlier this year.

“The combination of Sainsbury’s and Home Retail Group creates one of the UK’s largest food and non–food retailers, offering customers over 90,000 products in over 2,000 stores and across market leading digital channels, employing 195,000 colleagues across the UK and Ireland," said Mike Coupe, chief executive of Sainsbury’s.

"We look forward to welcoming our new colleagues and customers from Monday and our focus, as always, is on delivering excellent customer service.”

John Rogers, chief executive of Sainsbury’s Argos, added: “The way people shop is changing – customers expect choice, convenience, flexibility, fast delivery and to shop whenever and wherever they want. I am excited about leading the newly formed Sainsburys Argos management team.

"Our customers will benefit from great quality products and services and fast delivery networks, so whether customers want home delivery, Click & Collect or to visit our stores, we will make it easy and convenient for them.”

About Robert Hutchins

Robert Hutchins is the editor of ToyNews and its sister title, Licensing.biz. He has worked his way from Staff Writer to Editor across the two titles, having spent almost eight years with both and what now seems like a lifetime surrounded by toys. You can contact him by emailing robert.hutchins@bizmedia.co.uk or calling him on 0203 143 8780 You can even follow him on Twitter @RobGHutchins if ranting is your thing...

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