British supermarket group Sainsbury’s said on Sunday it has terminated talks with Chinese e-commerce giant JD.com over selling the Argos general merchandise retailer, a day after confirming discussions were underway.
“JD.com has communicated that it would now only be prepared to engage on a materially revised set of terms and commitments, which are not in the best interests of Sainsbury’s shareholders, colleagues and broader stakeholders” the company said in a st… [1391 chars]
Source: Reuters | Published: 2025-09-14T15:31:45Z
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