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JD Sports Fashion – responds with fury as CMA provisionally finds against its Footasylum takeover

March of last year saw JD Sports Fashion (JD.) “pleased to make this offer for Footasylum, which is very complementary to our existing businesses in the UK. We believe that there will be significant operational and strategic benefits through the combination of the very experienced and knowledgeable management team at Footasylum and our own expertise”. Now “the Competition and Markets Authority's in-depth Phase 2 investigation has provisionally found that the deal substantially lessens competition nationally”. Uh oh…

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