The Competition Commission of India has reportedly denied calls to probe athletic wear firms Adidas and Reebok following allegations the firms abused their dominance market positions.
Kalpataru Enterprises’ partner Om Datt Sharma, a Reebok India franchisee, originally filed a complaint with the watchdog against Adidas and its Reebok operations accusing their firms in the nation of harming competition in the premium sports product market.
But in a ruling, the CCI found that Adidas “appears to be a dominant group” in the industry but that “the facts available on record show no violation of” the relevant provisions of competition law pertaining to market dominance. The CCI will therefore not open an investigation into the matter.
Full content: Live Mint
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