CMA decision to block JD Sports acquisition of Footasylum overturned by tribunal
Retailer JD Sports has announced the competition watchdog’s decision to block its acquisition of Footasylum has been quashed.
The Bury-headquartered company announced it was to acquire Rochdale-based Footasylum in a £90m deal in 2019, but the Competition and Markets Authority (CMA) ruled against it in May.
In a statement, JD Sports said the case will now be remitted to the CMA for “full…