Who Owns Argos?
Argos is owned by Sainsbury’s.
The popular British retailer was acquired by the supermarket giant in 2016. Before that, Argos was part of the Home Retail Group, which also owned Homebase.
A Brief History
- Origins: Argos was founded in 1972 and became known for its catalogue-based shopping model.
- Home Retail Group: It later became part of the Home Retail Group, which expanded its retail portfolio.
- Sainsbury’s Takeover: In a significant move, Sainsbury’s acquired the Home Retail Group in 2016, bringing Argos under its umbrella.
The Sainsbury’s and Argos Partnership
Since the acquisition, Sainsbury’s has integrated Argos into its operations. Many Sainsbury’s stores now have Argos collections points, offering customers the convenience of shopping online and collecting their purchases in-store. This strategic move has aimed to increase foot traffic to Sainsbury’s stores and expand the reach of both brands.
Would you like to know more about the impact of this merger or the history of Argos?