JD Sports and Footasylum fined £4.7m for competition breach

Sportswear retailers JD Sports and Footasylum have been fined almost £4.7m after breaching the rules around an attempted merger last year.

The deal, which was later blocked, was put under investigation and the firms were told not to exchange commercially sensitive information without consent.

But the competition regulator said there was a “black hole” regarding meetings between the businesses.

–BBC

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