JD Sports has hit out at the competition watchdog after a final ruling ordered the retailer to sell the Footasylum business it acquired back in 2019.
The Competition and Markets Authority (CMA) ruled this morning that the takeover could lead to “a substantial reduction in competition and a worse deal for Footasylum’s customers”.
The CMA, whose initial verdict to block the merger was quashed by a Competition Appeal Tribunal (CAT) a year ago, maintained that JD Sports was the closest alternative for Footasylum shoppers.
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