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JD Sports may be forced to sell Footasylum

The CMA has provisionally found that the deal could substantially reduce competition
JD Sports may be forced to sell Footasylum

The Competition and Markets Authority (CMA) has provisionally found that JD Sports Fashion’s (JD.) £90.1m acquisition of Footasylum in March last year could lead to substantially reduced competition in the sports clothing market, prompting JD’s management to denounce the findings as “alarming”, “fundamentally flawed” and based on “a complete misunderstanding of our market”.

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