Executive profile and recent deal signal
Sainsbury’s has agreed to sell Argos and the Habitat brand to Swift Partners, a new firm led by veteran retailers Richard Pennycook, Trevor Strain and Matt Truman. The deal includes Argos’ standalone stores, in-store Argos outlets, collection points and related assets, with completion expected in February 2027 and full separation by 2029. Sainsbury’s says the move will let it focus on its core food business, while Swift plans to invest and expand Argos.