Who Owned Argos?

Sainsbury’s.
In April 2016, Argos’ parent Home Retail Group agreed to a £1.4 billion takeover by Sainsbury’s, following a bidding war between the supermarket chain and South African conglomerate Steinhoff International. The acquisition was completed on 2 September 2016.

Why did Sainsburys sell Argos?

By acquiring Argos, they argued that, they would be able to grow their sales, increase their delivery networks and also be able to sell products to each other’s customers. Moreover, the supermarket said over half of Argos stores had their leases up for renewal in a five year time period.

Who established Argos?

Argos was launched in summer 1973 by Richard Tompkins, the man who had introduced Green Shields stamps to the UK 15 years earlier, and who clearly had an eye for consumer novelty.

Did Sainsburys buy Argos?

Sainsbury’s bought Argos in 2016 and at the time said the acquisition would make customers’ lives easier.

Are Currys and Argos owned by the same company?

DSG International, which owns Currys and PC World, and Home Retail Group, which owns Argos and Homebase, both reported falls in sales for the three months to January 10. DSG has reported a 10% fall in like-for-like in sales for the three months to January 10, despite a 2% increase after New Year.

Why is Argos shutting down?

Argos has made the decision to close the majority of its UK stores as a result of the coronavirus pandemic. All of Argos’ standalone stores have now shut their doors, but its stores inside Sainsbury’s supermarkets remain open.

What does the name Argos stand for?

In Greek Baby Names the meaning of the name Argos is: All seeing.

How much is Argos worth?

Argos net worth as of November 04, 2022 is $0.85B.

Who was the leader of Argos?

Pheidon
Pheidon, (flourished 7th century bc), king of Argos, Argolis, who made his city an important power in the Peloponnese, Greece. The ancient Greek historian Herodotus implied that Pheidon flourished about 600 bc, but at this time Corinth and Sicyon, not the Argives, were in the ascendance.

Is Argos a Greek company?

ARGOS S.A. was founded in 1998 to operate as an agent and distributor of newspapers and magazines. It is currently the leading press distribution agency in Greece. Its activities also include the marketing of fast moving consumer goods to small sales outlets and the development of high profile press shops.

Is Argos doing well?

Results for the 2020 financial year
Total Argos sales rose 11.3% to £4.7bn in the year to 6 March 2021 (FY2020) bolstered during the pandemic by strong growth in home and office furniture, garden essentials and home entertainment. Like-for-like sales increased 8.1%, predominantly driven by online sales.

Is Sainsburys still British owned?

J Sainsbury plc, trading as Sainsbury’s, is the second largest chain of supermarkets in the United Kingdom, with a 14.9% share of the supermarket sector.
Sainsbury’s.

Are all Argos stores closing?

Sainsbury’s is to cut 3,500 jobs with the closure of 420 Argos outlets and all its meat, fish and deli counters. The 420 standalone Argos stores will close by March 2024, although Sainsbury’s said it would open 150 Argos outlets in its supermarkets.

Does Argos own Amazon?

Argos Limited, trading as Argos, is a catalogue retailer operating in the United Kingdom and Ireland, acquired by Sainsbury’s supermarket chain in 2016.

What was Argos called before Argos?

It went on to acquire Homebase for £900 million in November 2002, bringing it into ARG. In June 2005, GUS bought thirty three stores of Index, which were subsequently converted to the format of Argos. ARG was renamed Home Retail Group, upon its demerger in July 2006 from GUS.

Are Argos and Homebase the same company?

Home Retail Group is the UK’s leading home and general merchandise retailer with pro forma annual sales of over £5.8 billion. It sells products under two distinctive and complementary retail brands, Argos and Homebase, which are both household names in the UK.

Are Argos in trouble?

Sainsbury’s, owners of Argos, announced yesterday it will cut some 3,500 jobs, most of which will be linked to the closure of 120 Argos stores. It comes as another heavy blow to the British high street which has been ravaged by the COVID-19 pandemic and shift in consumer behaviour.

What is Argos called now?

The retailer was snapped up by the retail conglomerate GUS in 1998. GUS became Home Retail Group, which still owns Argos and Homebase today, after breaking off Burberry, Experian, and the Great Universal Stores catalogue from which the group took its name.

What is happening with Argos?

The store network is being reshaped, with a significant number of standalone shops being shuttered in favour of digital stores within Sainsbury’s. The grocer is also expanding Argos’ tie-up with eBay and now has more than 300 digital click-and-collect points across its supermarket estate.

Who destroyed Argos?

During the German occupation, Argos airport was frequently attacked by Allied forces. One of the raids was so large that it resulted in the bombing of the city on October 14, 1943, with the casualties of about 100 dead Argives and several casualties, and 75 of the Germans.

What made Argos famous?

Argos was famous for its horses. One of the legends of Argos was that of the famed Medusa-slayer Perseus, who flew on the winged horse Pegasus in his defeat of a sea monster. Pheidon was the King of Argos in the 7th Century B.C. and gained fame for his war expertise.