JD Sports’ Footasylum Deal Hits Another Snag
The U.K.’s Competition and Markets Authority has restated its provisional ban on JD Sports’ acquisition of sneaker retailer Footasylum, despite the Finish Line parent’s successful appeal to the Competition Appeal Tribunal. The CAT asked the CMA to reconsider the case after JD argued that increased DTC competition from major brands like Adidas and Nike was more of a threat to the market than the acquisition of a struggling retailer. Nike ... Log in to view full article.