Watchdog threatens to refer JD Sports takeover

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JD Sports’ takeover of Footasylum is facing greater investigation after the challenger watchdog counselled it is likely to could result in “a worse shopping suffer for customers”.

The Competition and Markets Authority will refer the PS90m deal to a “phase 2” investigation, which necessitates it will take a more in-depth look at the tie-up.

JD Sports was “by far” the biggest firm in the plays fashion sphere, it said.

A combination could push up expenditures and abate option for shoppers.

Peter Cowgill, ministerial chairman of JD Sports Fashion, said: “We continue to believe that Footasylum would be a positive addition to the group, wreaking a differentiated client demographic and fashion-led product range that is complementary to our existing business.”