UK Fag Company buying rivals and Sainsburys hoovers up Argos

By : Administrator
Published 21st October 2016 |
Read latest comment - 3rd November 2016

Well it's interesting to see the tobacco industry is far from extinct. According to the beeb, British American Tobacco (BAT) is set to merge with it's US partner Reynolds for a £38bn deal.

Must admit, I didn't realise BAT was actually British owned. So it is now a huge company and has made a major US acquisition in a post Brexit world. 

It's a shame we have to be such good fag makers, although interesting to see (or at least according to Wikipedia) that until 1998 BAT owned Argos, before selling it off to what become the Home Retail Group. So looks like BAT are good at diversifying which will be inevitable as hopefully cigarettes will one day become a thing of the past.

Also just noticed that Sainsburys have now fully taken over the Home Retail Group, and are re-branding as Sainsburys Argos, which will see some standalone Argos stores closing as they are merged into Sainsburys stores.

I saw last night on the news that Australian Cattle farmers are keen for a new Anglo Australian trade deal as they see the UK as a huge growth market, one which has shrunk over the last 20 or 30 years.

Nissan is set to make a decision next month about whether it will produce new models at it Sunderland plant, which after Nissans CEO recently met with the PM, seems to be more reassured.

So there is some optimism and big business deals are being done in this post brexit world. Interesting times ahead!


Steve Richardson
Gaffer of My Local Services
My Local Services | Me on LinkedIn
Comments

Don't shop in Sainsburys very often, but noticed last week that there's an Argos desk in there.  Bit further than the town centre one, but there's free parking and I usually reserve online first anyway......

Apparently there's a problem between Canada and EU at the moment, something to do with a trade deal.  Another opportunity for UK plc perhaps???


JuliaP

I don't know why but every time I go into Argos I feel like I'm being mugged off and having to fight my way through a bunch of overweight chavs in tracksuits... (Might just be an Essex phenomenon) Which is all part of Homebase where you definitely get mugged off if you want a light bulb.... Which was originally called Sainsbury Homebase which I'm pretty sure took over from the Texas DIY chain......  There's probably some huge tax incentive for these types of businesses to be continually bought and sold... There must be something, it's not as though you see them being sold in Dalton's weekly....  


Thanks,
Barney

The wife is a devout follower of the church of Argos, no idea what she sees in the place.

Whenever I see Argos, I always think of the Michael McIntyre sketch, "the laminated book of dreams with a theatre for the poor for the sh**** show on earth"  Although with it's new high tech makeover (or at least our branch) the laminated book is going, while the row of seats and watching the conveyor belt has now all gone

Instead it's some convoluted confusing semi self service system, with lots of staff trying to show you how it works because everyone seems to be baffled.


Steve Richardson
Gaffer of My Local Services
My Local Services | Me on LinkedIn

yes I was wondering why my argos updates were mentioning Sainsbury ,quite a different line to be in


Thanks,
Andy-C | Pewter World

Collected first Christmas present yesterday from Argos in local Sainsbury's.  Reserved and paid for online.  Very quick and polite service.  As I've mentioned before, store is a little further than town centre but I'll definitely use this one again.


JuliaP

Collected first Christmas present yesterday from Argos in local Sainsbury's.”
 

Did someone mention the Christmas word?


Steve Richardson
Gaffer of My Local Services
My Local Services | Me on LinkedIn

Its November 1st now! Which means not long until Christmas!!

Whoop whoop,

best start my Christmas shopping then...


Thanks, Rachael Kennedy
MLS Marketing Team

Back to the op - its seems odd to me that the company that took over an F1 team (which eventually morphed into the World Champions, Mercedes) and Argos are mentioned in the same sentence.... 


Clive

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