JD Sports told to sell Footasylum by competition watchdog

3 years ago 29
ARTICLE AD BOX

Published17 minutes ago

Image source, Getty Images

The UK's competition watchdog has ordered JD Sports to sell Footasylum over concerns the takeover could lead to a "worse deal" for customers.

The Competition and Markets Authority (CMA) found that JD Sports was the closest alternative for Footasylum shoppers.

In a statement, it said a sale was "the only way to address its competition concerns and protect consumers".

But JD Sports criticised the move, calling the decision "inexplicable".

More on this story

Read Entire Article