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Argos Limited is a British retailer operating in the United Kingdom online and through catalogues, and formerly in Ireland; it was acquired by Sainsbury's supermarket chain in 2016. It was established in November 1972 and is named after the Greek city of Argos . [ 5 ]
GUS plc acquired Argos in April 1998, and combined it with its mail order business to form Argos Retail Group (ARG) in June 2000. [4] It went on to acquire Homebase for £900 million in November 2002, bringing it into ARG. [5] In June 2005, GUS bought thirty three stores of Index, which were subsequently converted to the format of Argos. [6]
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In 1981, the company's shares were floated on the London Stock Exchange [3] and in 1982 it merged with Mothercare Group to form Habitat Mothercare Group plc. [3] The now-listed company bought the furniture retailer Heal's and the Richard Shops fashion chain in 1983. [3] In 1986, the company merged with British Home Stores to form Storehouse plc ...
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The company acquired Argos in 1998 in a hostile takeover bid [127] [19] and the UK's second largest online retailer at the time, Jungle.com, in 2000 for £37 million. [ 128 ] Argos Retail Group (2000–2006)
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