Rival challenges Sainsbury's in Home Retail Group takeover

South African furniture retailer Steinhoff makes £1.42bn approach for Argos owner – about £70m more than supermarket’s bidSainsbury’s faces a potential bidding war for Home Retail Group after the Argos owner said it had received a £1.42bn approach from Steinhoff International.The South African retail group, which owns of Bensons for Beds and Harveys in the UK and Conforama in France and is part-owned by New Look owner Christo Wiese, has made an approach about