A large number of high street and retail park shops were closed, replaced by an Argos outlet in a nearby Sainsbury's shop. The acquisition was completed on 2 September 2016. In April 2016, Argos' parent Home Retail Group agreed to a £1.4 billion takeover by Sainsbury's, following a bidding war between the supermarket chain and South African conglomerate Steinhoff International. In January 2016, the sale of sister company Homebase for £340 million was announced. In October 2006, it subsequently became part of Home Retail Group which was demerged from its parent company, GUS plc, with effect from 10 October 2006. In April 1998, it was then acquired by GUS plc.

The company was demerged from BAT Industries and listed on the London Stock Exchange in 1990. The Elizabeth Duke brand was later phased out, with products sold as 'Jewellery and Watches'. In 1980, Argos opened its Elizabeth Duke jewellery counter (named after a director's wife) and by 1982, was the United Kingdom's fourth-biggest jewellery retailer. Argos was purchased by BAT Industries in 1979 for £32 million. Green Shield House was in Station Road, Edgware.Īrgos was launched with thousands of staff, taking £1 million during a week in November.

He rebranded the original Green Shield Stamps catalogue shops as Argos beginning in July 1973, the first purpose-built shop opening on the A28 Sturry Road, Canterbury in late 1973. He came up with the idea that people could purchase goods from his 'Green Shield Gift House' with cash rather than savings stamps. The company was founded by Richard Tompkins who had previously established Green Shield Stamps in the United Kingdom. Argos branch in Huddersfield, West Yorkshire

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