×
267
Fashion Jobs
By
Reuters
Published
May 17, 2019
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Britain's competition watchdog plans to examine JD Sports-Footasylum deal

By
Reuters
Published
May 17, 2019

Britain’s competition watchdog said on Friday it was planning to review if JD Sports Fashion Plc’s acquisition of smaller rival Footasylum “substantially” reduced competition in the sector.


Image: Footasylum



The Competition and Markets Authority served an initial enforcement order in relation to the deal, which was announced in March and valued Footasylum at up to 90 million pounds ($119.6 million).

Initial enforcement orders are put in place to prevent businesses from integrating after a possible merger while the watchdog decides if it needs to launch an investigation.

© Thomson Reuters 2022 All rights reserved.