Sainsbury’s given deadline to bid again for Argos owner Home Retail Group

Published on: 23rd February 2016

The retailer has until 18th March to decide whether it will come back with a fresh bid for Argos owner Home Retail Group.

Argos-480The supermarket chain was rocked by the emergence of a rival bidder – South African furniture firm Steinhoff International – which owns Bensons For Beds and Harveys in the UK.

Steinhoff offered £1.42bn, worth 175p a share, which eclipsed Sainsbury’s own bid of around £1.34bn.

Sainsbury’s faces pressure from shareholders not to pay over the odds for Argos and must now decide whether to bid again ahead of the put-up-or-shut-up deadline.


Groupon announces plan to stop selling goods by the end of 2020

Senior leadership reshuffle at Spin Master

All Beales stores to close as no buyer comes forward

Panini launches new Official Adrenalyn XL Trading Card collection

Asda’s Christmas sales hit by ‘cautious’ spending

PRCA welcomes Playtime PR as newest corporate member

Steamforged Games appoints Toby Davies as commercial director

Masters of the Universe cast announced

The Pokémon Company launches pop-up in Harrods

Get involved in the April issue of Toy World