Argos owner to sell Dutch home shopping business

GUS increased the focus of its retail arm on Argos and Homebase today by agreeing to sell a business it has owned for more than 40 years.

The disposal of Dutch home shopping operation Wehkamp for £265m (€389m) follows the end of its ownership of South African retailer Lewis and comes ahead of the company’s planned sale of its 66% stake in fashion chain Burberry.