Sainsburys deal desperate or inspired FT Business

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Sainsbury’s courtship of Home Retail Group is over. A takeover has been agreed that values Home Retail, the owner of Argos, at about £1.3bn. But why was one of the UK’s biggest supermarket groups so keen to buy a non-food retail business? The FT’s Daniel Garrahan reports. • ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs • For more video content from the Financial Times, visit http://www.FT.com/video • • Twitter   / ftvideo   • Facebook   / financialtimes  

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