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Sainsbury's submitted a revised offer of £1.3 billion on 2 February 2016, with a deadline of 23 February to make a firm bid. [14] Steinhoff International submitted a rival bid of £1.4 billion on 19 February. [15] Steinhoff abandoned its bid on 18 March 2016, while Sainsbury's submitted a formal bid of £1.4 billion. [16]
Since Sainsbury's acquired Argos, more and more standalone stores have been moved into a nearby Sainsbury's store. On 25 September 2019, Sainsbury's announced that over 50 Argos stores would be closing or relocating in order to cut costs. Stores also began to feature digital computers as well as printed catalogues to save costs.
After a four-month pursuit, in April 2016 Home Retail Group agreed to be taken over by Sainsbury's for £1.4 billion. Sainsbury's completed the acquisition in September 2016. [104] [105] The deal included catalogue chain Argos and furnishing retailer Habitat. As a result, the new Sainsbury's group was organised into four divisions: the core ...
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In July 2017, EE announced 100 store-within-a-store outlets by the end of 2019 via a partnership with Sainsbury's. This would create 400 jobs in Sainsbury's and Argos stores, and see the number of outlets reach close to 700, as part of its ambition to provide 95% of the population with access to an EE shop within 20 minutes' drive. In addition ...
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On 23 September 2008, it was reported that Sainsbury's was to launch a mobile network again. [7] Three years later on 28 October 2011, Sainsbury's got the go-ahead and was close to sealing a deal with a network operator. [7] After several delays, the new Mobile by Sainsbury's service was announced on 1 July 2013 in a partnership with Vodafone ...
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