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Birmingham Post
Birmingham Post
Business
Jon Robinson

JD Sports and Footasylum fined almost £5m for breaking CMA order

CMA Footasylum JD JD Sports

JD Sports and Footasylum have been fined almost £5m after breaching the rules around a merger blocked by the Competition and Markets Authority (CMA).

The CMA said during two meetings, which took place on July 5, 2021, and August 4, 2021, JD Sports CEO Peter Cowgill and Footasylum CEO Barry Bown "exchanged commercially sensitive information and then failed to alert or promptly alert the CMA".

The companies have been fined nearly £4.7m for the collective breaches.

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