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Sainsbury's successfully completes Home Retail Group acquisition

Argos and Sainsbury's bags 725 x 500

J Sainsbury plc today announces that is has successfully completed its acquisition of Home Retail Group plc – the owner of Argos and Habitat.

John Rogers, Sainsbury's Chief Financial Officer, is now CEO of Sainsbury's Argos - the new name for Home Retail Group - and all Home Retail Group directors have now resigned. 

Mike Coupe, Chief Executive of Sainsbury’s, said: “We are delighted our acquisition of Home Retail Group is now complete. The combination of Sainsbury’s and Home Retail Group creates one of the UK’s largest food and non–food retailers, offering customers over 90,000 products in over 2,000 stores and across market leading digital channels, employing 195,000 colleagues across the UK and Ireland. We look forward to welcoming our new colleagues and customers from Monday and our focus, as always, is on delivering excellent customer service.”

John Rogers, Chief Executive of Sainsbury’s Argos, added: “The way people shop is changing – customers expect choice, convenience, flexibility, fast delivery and to shop whenever and wherever they want. I am excited about leading the newly formed Sainsburys Argos management team. Our customers will benefit from great quality products and services and fast delivery networks, so whether customers want home delivery, Click & Collect or to visit our stores, we will make it easy and convenient for them.”

See the full release here.

Learn more about the Sainsbury's/Home Retail Group journey in these articles:

Sainsbury's made a bid for Home Retail Group in November 

Sainsbury's expected to increase offer for Argos as deadline looms

Home Retail Group board backs £1.4bn Sainsbury's deal

CMA approves Sainsbury's acquisition of Home Retail Group 

Source : Sainsbury's
www.j-sainsbury.co.uk

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02 September 2016

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