CMA requires JD Sports to sell Footasylum* The CMA has instructed JD Sports to sell Footasylum after its in-depth investigation identified competition concerns. The Competition and Markets Authority (CMA) has found that the takeover could lead to a substantial reduction in competition and a worse deal for Footasylum’s customers. Over the course of its inquiry, the CMA found that JD Sports is by far and away the closest alternative for shoppers at Footasylum. The CMA expects this will continue to be the case even after taking into account the continued growth in online shopping, including on the websites and apps of brands such as Nike and adidas. Fifty per cent of online shoppers surveyed by the CMA
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The UK Competition Authority orders a sneaker and apparel retailer to sell one of its companies to preserve competition (JD Sports / Footasylum)
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