Lending products to be developed
ARG, the soon to be demerged division of GUS, which owns Argos and Homebase, has set up a financial services joint venture with Barclays Bank.
The 50-50 joint venture will develop an Argos credit card and personal loan products for Argos and Homebase. The company's existing store card operations will be unaffected.
ARG chief executive Terry Duddy said: 'This joint venture will enable the future development of additional lending products that will enhance the choice, value and convenience we offer our customers.'
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