Sports Direct has stated that a competition regulator’s investigation into JD Sports’ £90 million (US$112.2 million) takeover of Footasylum could have implications for the sector’s major brands.
The Mike Ashley-owned firm—whose sportswear chain is JD Sports’ biggest rival—particularly highlighted the impacts the probe could have on its relationships with these brands, such as Nike, Adidas, Puma, and Under Armour.
The news comes after the Competition and Markets Authority (CMA) expressed concern about JD Sports’ takeover deal of smaller rival Footasylum, warning it could lead to “higher prices” and “worse choice” for customers.
The CMA stated it would escalate its probe into the takeover, which it launched in July, to an in-depth, Phase II investigation unless JD Sports provided a solution to address the concerns.
Full Content: Euro News
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Chamber of Commerce Sues to Overturn FTC Non-Compete Ban
Apr 24, 2024 by
CPI
FTC Chief Warns of Healthcare Price Fixing Risks Amid Tech Advancements
Apr 24, 2024 by
CPI
Amazon’s Investment in Anthropic Faces Antitrust Scrutiny
Apr 24, 2024 by
CPI
Italian Antitrust Authority Fines Amazon €10 Million for Unfair Trade Practices
Apr 24, 2024 by
CPI
Tuta Mail Raises Alarm Over Google Search Ranking Plunge Amidst DMA Rollout
Apr 24, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI