Feb 14, 2022

JD Sports and Footasylum fined £4.7m for competition breach

After the regulator began investigating the £90m merger last May, JD and Footasylum were told to immediately alert the CMA if there was "Any chance" sensitive information may have been shared. After a review, the CMA found "Information exchanges were almost inevitable" at both firms. For sharing commercially sensitive information, and then failing to alert the CMA, JD Sports will be fined £1.8m and Footasylum £180,000. Commenting on the latest fines, his firm said: "JD does accept that, inadvertently, it was in receipt of limited commercially sensitive information and that this was not reported to the CMA immediately."However, JD believes that a number of the further conclusions which the CMA have drawn are either incorrect or have been presented in a misleading manner through the use of inflammatory language. JD, which agreed to buy Footasylum in 2019, said adhering to the CMA's rules had been "Complex and not without challenge" over such a long period.

Read the full story

 Related companies

Make a complaint about JD Sports by viewing their customer service contacts.