JD Sports Fashion plc (JD.L)
- Yahoo Finance UK
Watchdog's ban on JD Sports's Footasylum takeover overturned
The Competition Appeals Tribunal said on Friday that CMA acted “irrationally” when it ruled in May that the tie-up would lead to a “substantially” lessening of competition nationally.
- Reuters
UK watchdog may appeal Tribunal's findings on JD Sports-Footasylum deal
"We will now take stock of today's judgment and carefully consider our next steps, including whether to appeal," CMA Chief Executive Andrea Coscelli said https://www.gov.uk/government/news/cma-considers-next-steps-in-jd-sports-footasylum-merger, adding it was disappointed the Competition Appeal Tribunal disagreed with its approach. The competition watchdog had ordered JD to sell Footasylum earlier this year, saying the sportswear retailer's 86 million pound deal left shoppers worse off. JD had appealed CMA's decision and said that in the context of coronavirus-related pressures on retailers, the move put the future of Footasylum and its 2,500 employees at risk.
- Simply Wall St.
Are Strong Financial Prospects The Force That Is Driving The Momentum In JD Sports Fashion plc's LON:JD.) Stock?
JD Sports Fashion's (LON:JD.) stock is up by a considerable 14% over the past three months. Given the company's...
