Reference News Network September 14 report, according to the website of Singapore's "The Straits Times" on September 14, the UK's second-largest supermarket chain, Sainsbury's, is negotiating with JD.com, a Chinese e-commerce company, to sell its general merchandise company Argos.
According to Bloomberg, Sainsbury's stated in an email statement on September 13 that concluding a deal with JD.com would accelerate Argos' transformation, as JD.com would bring expertise in retail, technology, and logistics. Its investment would drive growth at Argos.
Sainsbury's said: "The terms of the potential transaction will include JD.com's commitments to Argos, which will benefit customers, employees, and partners."
This British retailer said that no agreement has been reached yet.
Original article: https://www.toutiao.com/article/7549797591861510702/
Statement: This article represents the personal views of the author. Please express your opinion by clicking on the [up/down] buttons below.