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Home > Finance > Sainsbury's says NewDay gets beneficial title to Argos cards portfolio

Sainsbury's says NewDay gets beneficial title to Argos cards portfolio

Published by Global Banking and Finance Review

Posted on March 3, 2025

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British supermarket chain Sainsbury's said on Monday that NewDay Group had gained beneficial title, or the right to benefit from a property, to its Argos Financial Services (AFS) cards portfolio.

Sainsbury's had sold the AFS portfolio to NewDay for an expected 720 million pounds ($906.9 million) in October last year. NewDay will get legal title to the portfolio in the first quarter of 2026.

(Reporting by Shashwat Awasthi; Editing by Rashmi Aich)

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