CMA looks into JD Sports’ Footasylum merger

Latest News

CMA looks into JD Sports’ Footasylum merger

By Hannah McGrath

25/07/2019

The Competition and Markets Authority (CMA) has launched an investigation into JD Sports’ £90 million acquisition of Footasylum.

The competition watchdog said it would look into whether the acquisition, which was completed in March, had “resulted or may be expected to result in a substantial lessening of competition within any market”.

The CMA served initial enforcement action against any attempts to merge the businesses in May and is now inviting any interested parties to comment on the transaction to assist its probe.

Under the terms of the investigation, both companies are banned from taking any actions to integrate the two businesses until the CMA has reached a decision.

JD Sports had bought 19 per cent of Footasylum shares in February before moving to take the company over.

The deadline for a decision on the initial phase of the inquiry has been set for 19 September, while comments from interested parties should be submitted no later than 2 August.

Supermicro and NVIDIA’s AI Solution for Retailers

To find out more: click here

Poundland significantly reduces antisocial behaviour, aggression and shoplifting with Motorola Solutions VT100 body cameras

Retail should not be a high-risk occupation. As a company, we are focused on listening to our colleagues and customers to help them with the issues they are facing in-store and so far, the feedback on our body cameras has been excellent. They act as a great visual deterrent, help to de-escalate situations and overall, this project has significantly aided our goal to make the retail environment safer.

For further information on Motorola Solutions’ retail security products, including body cameras, click here.