Sainsbury’s ill-starred ownership of the Argos retail business looks likely to end as the supermarket negotiates a sale to the Chinese retailer JD.com. No agreement has yet been reached but Sainsbury’s confirmed it was in discussions to hive off Argos, the general merchandise arm it bought for more than £1bn less than a decade ago. Sainsbury’s said a sale to JD.com would speed up the transformation of Argos, whose business has gone increasingly online and within larger Sainsbury’s branches. JD.com (unrelated to JD Sports) is one of China’s biggest retailers…
Tag: Supermarkets
Australia politics live: Coalition slams Keating for China meeting; RBA tipped to hold rates
From 1h ago Coalition slams Keating for China meeting Daniel Hurst The Coalition has taken aim at former prime minister Paul Keating for accepting a meeting with the Chinese foreign minister, Wang Yi, who is visiting Australia later this week. The Coalition’s foreign affairs spokesperson, Simon Birmingham, said the idea of the meeting was “pointed and somewhat insulting” in light of the extent of Keating’s past commentary directed towards the Australian foreign minister, Penny Wong: Paul Keating’s reckless and irresponsible comments since the Albanese government was elected demonstrates an underlying…
Bee aware: do you know what is in that cheap jar of honey?
British beekeepers are calling for a requirement on supermarkets and other retailers to label cheap honey imports from China and other nations with the country of origin after claims that part of the global supply is bulked out with sugar syrup. The UK is the world’s biggest importer of Chinese honey, which can be one sixth of the price of the honey produced by bees in Britain. Supermarket own-label honey from China can be bought for as little as 69p a jar. Supermarkets say every jar of honey is “100%…