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JD Sports takeover of Footasylum blocked by CMA

The UK’s Competition and Markets Authority (CMA) has blocked JD Sports’ planned acquisition of rival sportswear retailer Footasylum after it concluded that the merger would “leave shoppers worse off.” The 90 million pound deal for JD Sports to take over its smaller rival was agreed last year. Now, the retailer has been told by the CMA it must...

6 May 2020