Consumer

Sainsbury’s Ends Talks With JD.com Over Selling Argos Unit

The JD.com Inc. headquarters building in Beijing, China.
Photographer: Na Bian/Bloomberg

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By Katie Linsell and Sherry Su

September 14, 2025 at 3:41 PM UTC

Updated on

September 15, 2025 at 7:29 AM UTC

J Sainsbury Plc terminated talks to sell its general merchandise unit Argos to JD.com Inc. and blamed the Chinese e-commerce firm for trying to “materially revise” the terms of the deal.

Britain’s second-largest grocer said Sunday that JD.com’s new terms and commitments would not be in the best interests of its shareholders and broader stakeholders. It came just a day after Sainsbury’s had said the Chinese firm could drive growth at Argos.