UK Antitrust Agency Again Assails Sports Stores' Merger

By Bryan Koenig (September 2, 2021, 6:19 PM EDT) -- Forced by an appeals tribunal to reevaluate its decision to unravel JD Sports' completed £90 million ($124 million) merger with rival fashion retailer Footasylum, the United Kingdom antitrust authority again said Thursday that it thinks the merger will harm competition after considering the greater shift to online retail spurred by the pandemic.

The Competition and Markets Authority said Thursday that it had now done the kind of analysis of COVID-19 impacts on in-store and online retail that the Competition Appeal Tribunal found wanting when it nixed the CMA's first attempt to kill the merger.

"Since our original inquiry, we have gathered...

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