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Competition watchdog to probe JD Sports Footasylum deal

The competition and markets authority (CMA) is planning to review JD Sports Fashion’s acquisition of smaller rival Footasylum.

In March, JD Sports agreed to buy Footasylum in a deal that values the company at £90.1m.

The CMA said it is considering “whether it is or may be the case that a relevant merger situation has been created and whether the creation of that situation has resulted or may be expected to result in a substantial lessening of competition in any market or markets in the UK.”

A spokesman for JD Sports said: “As stated in our recommended cash offer on 18 March 2019, a review by the CMA was always a possibility. We have previous experience of working with the CMA and, over recent weeks, have had constructive engagement with them on this process. Both JD and Footasylum will, of course, cooperate fully with this review and further updates will be provided at the appropriate time.”

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