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Bloomberg
JD Sports Fashion Plc’s purchase of Footasylum may harm competition and leave shoppers worse off, the UK’s antitrust regulator said.
The UK’s Competition and Markets Authority (CMA) said its provisional view is that the transaction could lead to “a substantial lessening of competition in the retail supply of sports-inspired casual footwear.†The regulator, asked for feedback on its findings.
“While JD Sports is the largest retailer in this market with around 375 stores nationally and Footasylum is smaller, the CMA’s detailed investigation has provisionally found that they compete closely, and surveyed customers indicated that there are only a small number of other retailers that they would consider buying from,†CMA said.