JD Sports Fashion Plc CMA Update (8757M)
19 Septiembre 2019 - 1:02AM
UK Regulatory
TIDMJD.
RNS Number : 8757M
JD Sports Fashion Plc
19 September 2019
19 September 2019
JD Sports Fashion Plc
Update on CMA review of Footasylum acquisition
JD Sports Fashion Plc (the "Group"), the leading retailer of
sports, fashion and outdoor brands, today provides an update
following the Competition and Markets Authority's (CMA)
announcement regarding the Group's acquisition of Footasylum.
The CMA has confirmed that it intends to refer its review to
Phase 2.
Peter Cowgill, Executive Chairman of JD Sports Fashion Plc,
commented:
"We continue to believe that Footasylum would be a positive
addition to the Group, bringing a differentiated customer
demographic and fashion-led product range that is complementary to
our existing business. We also believe that there will be
significant operational and strategic benefits from a combination
of the two businesses.
"Our discussions with the CMA are ongoing as we consider whether
to proceed to Phase 2 or if acceptable remedies can be agreed at
this stage. We look forward to working constructively with the CMA
in this regard and will provide further updates in due course."
Enquiries:
JD Sports Fashion Plc Tel: 0161 767 1000
Peter Cowgill, Executive Chairman
Neil Greenhalgh, Chief Financial Officer
MHP Communications Tel: 0203 128 8788
Andrew Jaques
Giles Robinson
Nessyah Hart
Charles Hirst
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