A shop sign for JD Sports in central London. The UK competition regulator has fined JD Sports and Footasylum almost £5m over breaking merger rules (Nick Ansell/PA)
(Picture: PA Wire)Retailers JD Sports and Footasylum have been fined £4.7 million by the Competition and Markets Authority after their bosses were found to have exchanged sensitive information during an investigation of the two companies’ proposed merger.
The CMA ordered JD Sports and Footasylum to pay fines totalling £4.3 million and £380,000 respectively for failing to have safeguards in place, sharing commercially sensitive information and failing to alert the CMA about meetings between the bosses of the two companies in July and August 2021.
