Sports footwear and clothing retailer JD Sports has said a new ruling from the UK’s competition authorities on its acquisition of rival group Footasylum “defies logic”.

On November 4, the Competition and Markets Authority (CMA) instructed JD Sports to sell Footasylum. It said the takeover could lead to a substantial reduction in competition and a worse deal for customers and insisted that it would oversee the sale of Footasylum and approve the purchaser to make sure Footasylum “will be run as a fully independent competitor”.

Share this story: