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Habitat (a trading name of Argos Limited) is a brand of household furnishings in the United Kingdom and the main homewares brand within the Sainsbury's group.. Founded in 1964 by Sir Terence Conran, it merged with a number of other retailers in the 1980s to create Storehouse plc, before the latter sold Habitat to the Ikano Group, owned by the Kamprad family, in 1992.
Sainsbury's submitted a revised offer of £1.3 billion on 2 February 2016, with a deadline of 23 February to make a firm bid. [14] Steinhoff International submitted a rival bid of £1.4 billion on 19 February. [15] Steinhoff abandoned its bid on 18 March 2016, while Sainsbury's submitted a formal bid of £1.4 billion. [16]
Groupe Habitat is an international chain of stores of British origin created by Sir Terence Conran in 1973, which specialises in the sale of furniture and contemporary decorative accessories. In September 2011 it was purchased by the French group Cafom SA distribution, [ 1 ] who sold it to the industrialist Thierry Le Guénic in October 2020.
Since Sainsbury's acquired Argos, more and more standalone stores have been moved into a nearby Sainsbury's store. On 25 September 2019, Sainsbury's announced that over 50 Argos stores would be closing or relocating in order to cut costs. Stores also began to feature digital computers as well as printed catalogues to save costs.
In 2011, Sainsbury's entered into a partnership with the television clothing guru Gok Wan to design a new clothing range. [5] In 2013, Sainsbury's relaunched the Tu brand, concentrating it entirely on clothing, with the homewares re-branded under the core "by Sainsbury's" brand (the Sainsbury's homewares range is now branded as Habitat as of ...
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In 2008, the group bought ten convenience stores trading as Bell's and Jackson's in the north and east of England from Sainsbury's. [23] Co-op Group convenience store (2007-2016 brand) Tilehurst, Berkshire. In autumn 2008, Lothian, Borders & Angus Co-operative Society members voted to transfer engagements to the Co-operative Group. The transfer ...
The equity interest in Sainsbury's held by the family as of May 2011 is 15%. The family sold down their stake from 35% in 2005. The largest family shareholders are Lord Sainsbury of Turville with 4.99% and Lord Sainsbury of Preston Candover, who controls just under 3% of the company, and benefits from 1.6% of the equity included in the above.