JD Sports and shareholder fined £300k by UK watchdog after Footasylum takeover

The decision surrounds JD’s £80 million acquisition of Footasylum.

The Competition and Markets Authority in the UK has slapped JD Sports and its biggest shareholder with a £300,000 fine for allegedly breaking an order from the watchdog over its purchase of Footasylum.

The CMA said that when Footasylum closed a store in Wolverhampton its new owners had not stuck to the rules.