JD Sports angry at secret filming of its boss

3 years ago 49
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JD Sports has attacked what it called the "highly irregular and potentially illegal covert surveillance" of its executive chairman, Peter Cowgill.

The move comes after it emerged that Mr Cowgill was filmed meeting Barry Bown, his counterpart at Footasylum.

JD Sports said it was buying Footasylum in April 2019 but was last week ordered to sell the firm by the competition watchdog.

There are concerns that the meeting may have contravened competition rules.

Both firms deny any breach.

"Peter Cowgill has known Barry Bown on a business and personal basis for over 25 years," the sportswear retailer said in a statement.

"As a result, it is not unusual, or in any way suspicious or illegitimate, for them to meet from time to time, including in relation to the ongoing review by the Competition and Markets Authority (CMA) of JD's acquisition of Footasylum Limited.

"The Sunday Times omitted to report on the positive obligation that JD has under the terms of the Interim Enforcement Order to take all reasonable steps to encourage key staff of the Footasylum business (which includes Barry Bown) to remain with the business."

JD Sports said the CMA had been fully informed about the meeting, which took place on 5 July.

"It is disappointing that the Sunday Times has not reported in a more balanced way on the highly irregular and potentially illegal covert surveillance undertaken by a third party for their own interests," the statement continued.

"JD hopes that a regulator, tasked with acting in the wider public interest, is able to more critically regard the actions of the third party for what they are."

Last week, following an in-depth investigation, the CMA ruled that the takeover of Footasylum by JD Sports could lead to a "worse deal" for customers.

But JD Sports hit back, calling the decision "inexplicable" and "beyond logic".

Mr Cowgill suggested that the CMA was in "a minority of one in reaching this conclusion".

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