# JD Sports Fashion Update on CMA review of Footasylum acquisition

- Link: https://www.directorstalkinterviews.com/jd-sports-fashion-update-on-cma-review-of-footasylum-acquisition/412793209
- Published: 2019-09-19T07:24:02+01:00
- Author: Amilia Stone

**[JD Sports Fashion PLC](https://www.directorstalkinterviews.com/ftse-company/jd-sports-fashion/jd.l)**(
LON:JD), the leading retailer of sports, fashion and outdoor brands, today provided
an update following the Competition and Markets Authority’s 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, 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.”  

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