Watchdog blocks JD Sports-Footasylum merger

Watchdog blocks JD Sports-Footasylum merger

After concluding its Phase 2 investigation, the Competition & Markets Authority (CMA) has announced its decision to block JD Sports Fashion plc (JD) in its takeover of Footasylum limited (Footasylum).

The CMA based its decision on evidence that JD and Footasylum were close competitors and as such ‘this transaction would lead to a substantial lessening of competition nationally. This would leave shoppers with fewer discounts or receiving lower quality customer service’.

Although the CMA did acknowledge the ‘uncertain and challenging trading conditions’ resulting from the coronavirus pandemic, the watchdog fo

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