PRESS RELEASE
14 September 2021

JD Sports And Footasylum Merger: Stephen Smith Quoted In Global Competition Review

B
Bristows

Contributor

Bristows logo
We are a hub for litigation, transactions and advice. We don’t work to billing targets, ensuring clients gets the right combination of experts. It’s a rare approach defining the quality of our advice. We recruit inquisitive minds, many with science and technology backgrounds. We are Bristows, seeing things differently for those shaping tomorrow.
JD Sports and Footasylum merger once again on the rocks as CMA shares concerns over the deal.
UK
To print this article, all you need is to be registered or login on Mondaq.com.

JD Sports and Footasylum merger once again on the rocks as CMA shares concerns over the deal

Steve Smith shared his thoughts on the UK's Competition and Markets Authority's concerns over JD Sports purchase of rival Footasylum. The merger was set in March 2019 for £90 million, but the CMA prohibited the deal in May 2020 due to concerns it would lessen competition in the sportswear retail market. The UK's Competition Appeal Tribunal quashed that order and sent the case back to the CMA.

Steve said that this case reveals the high barriers a company must overcome to win an appeal against a merger decision. JD Sports and Footasylum now face the same outcome over one year later, despite successfully getting the Competition Appeal Tribunal (CAT) to suspend the CMA's original block. Moreover, he noted, the additional time the CMA had to investigate gave them the opportunity to produce stronger evidence to support their original decision.

We discuss this and other competition law news on The CLIP Board.

To read the full article, see the GCR website.

PRESS RELEASE
14 September 2021

JD Sports And Footasylum Merger: Stephen Smith Quoted In Global Competition Review

UK

Contributor

Bristows logo
We are a hub for litigation, transactions and advice. We don’t work to billing targets, ensuring clients gets the right combination of experts. It’s a rare approach defining the quality of our advice. We recruit inquisitive minds, many with science and technology backgrounds. We are Bristows, seeing things differently for those shaping tomorrow.
See More Popular Content From

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More