Simon Roberts is in the news for Sainsbury’s strong profits and ending Argos sale talks. He’s been CEO since 2020, ex-Boots MD.
Sainsbury’s has terminated discussions with JD.com regarding the sale of Argos, citing terms not in shareholders' best interests. The move follows earlier plans to sell or spin off Argos, which has struggled amid declining sales and strategic shifts. The retailer remains committed to transforming Argos within its broader strategy.