Information  X 
Enter a valid email address

JD Sports Fashion (JD.)


Friday 13 November, 2020

JD Sports Fashion

Update on CAT review of Footasylum Acquisition

RNS Number : 3283F
JD Sports Fashion Plc
13 November 2020

JD Sports Fashion Plc


Update on Competition Appeal Tribunal review of Footasylum Acquisition


JD Sports Fashion Plc (the "Group") today confirms that the Competition Appeal Tribunal has quashed the Competition and Markets Authority's ("CMA") decision to prohibit the Group's acquisition of Footasylum Limited ("Footasylum").


As a result, the case will now be remitted to the CMA for full reconsideration and the CMA's previous order, which would have forced the Group to divest the Footasylum business, will be cancelled.


Peter Cowgill, Executive Chairman of JD Sports Fashion Plc, commented:


" We have always maintained that this merger would provide significant long-term benefits to customers, colleagues and brand partners, and so we are very pleased with the Competition Appeal Tribunal's judgment today.


"The entire case will now go back to the CMA for re-consideration and we look forward to presenting further evidence which demonstrates the true extent to which the competitive landscape has evolved, in particular as a result of the unprecedented challenges caused by the COVID-19 pandemic."



JD Sports Fashion Plc

Tel:  0161 767 1775


Peter Cowgill, Executive Chairman

Neil Greenhalgh, Chief Financial Officer


Jennifer Iveson, Investor Relations



MHP Communications

Tel:  0203 128 8788


Andrew Jaques


Giles Robinson


Charles Hirst


Catherine Chapman






This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

a d v e r t i s e m e n t