JD Sports given six weeks to sell Footasylum by UK competition regulator

The ruling does not impact either retailer in Ireland
JD Sports given six weeks to sell Footasylum by UK competition regulator

JD Sports, which sells brands such as Nike, Adidas and Puma in its physical and online stores, has argued the pandemic has only increased competition, as global brands expand their direct-to-consumer businesses.

Britain's largest sportswear retailer JD Sports must sell sports trainer retailer Footasylum, the UK’s competition regulator has ruled, after a second investigation found the combination could leave consumers worse off even after considering stiff online competition amid the pandemic.

The UK’s Competition and Markets Authority (CMA) started investigating JD Sports' £86m (€101m) purchase of Footasylum in 2019 and ordered it to unwind the merger in May last year.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €120 €60

Best value

Monthly €10€5 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited