JD Sports faces CMA probe over Footasylum acquisition

JD Sports Dublin

The Competitions and Markets Authority (CMA) has launched an investigation into JD Sports over its £90m acquisition of Footasylum.

The watchdog is has served initial enforcement orders to both JD Sports and Footasylum’s parent company Pentland, which is also the majority shareholder of JD Sports.

The CMA said it is investigating whether the deal could result in “a substantial lessening of competition in any market”.

JD Sports purchased fellow sport fashion retailer Footasylum in March off the back of two profit warnings from the firm, which made its stock market debut in November 2017.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • 3 free articles a month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.