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Barclays Bank and Argos in credit card tie-up.

BARCLAYS Bank and Argos Retail Group yesterday signed up to a 50/50 joint venture to provide a new Argos credit card and loan product, and a new Homebase loan product.

Barclays, which employs 800 people at Wavertree Technology Park, Liverpool, said: "The move underlines Barclays strategy to grow its UK cards and consumer lending business with a growing contribution from partnership business and follows previous, similar deals with Sky and House of F raser."

Argos Retail Group is the UK's leading home and general merchandise retailer with sales of more than pounds 5.5bn in the year ended March 31, 2006.

It sells products under the retail brands Argos and Homebase, through its 650

Argos stores in the UK and chain of 300 out-of-town Homebase stores.

Barclays has more than 25m customers and clients worldwide and Barclaycard has 11.2m customers in the UK and 5.3m international cards in issue.

In Brief

Imperial seals pounds 368m deal for trademark

IMPERIAL Tobacco Group has bought the worldwide Davidoff cigarette trademark from Germany's Tchibo Holding AG for 540m euros (pounds 368m). Bristol-based Imperial has held the licence for the trademark since 2002.

CAPTION(S):

Bruno Brookes - pleased his company is likely to achieve market forecasts
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Title Annotation:Business
Publication:Daily Post (Liverpool, England)
Geographic Code:4EUUK
Date:Aug 24, 2006
Words:205
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