Thursday, February 20, 2020

JD Sports’ takeover of Go Outdoors to be investigated


The Competition Markets Authority has said it may investigate the recent £112.5 million acquisition of Go Outdoors by JD Sports.

The UK‘s peak competition watchdog indicated it wanted to look into the takeover to determine whether it would negatively impact the competition in the retail market.

JD Sports initially announced the takeover of Go Outdoors last month.

Go Outdoors‘ estate consists 58 shops, most of which are situated in out-of-town retail parks.

READ MORE: JD Sports buys Go Outdoors

In the 53 weeks to January 31, the retailer made a profit before tax of £4.9 million and revenues of £202 million.

JD Sports has reportedly placed the integration of Go Outdoors on hold and will wait for the outcome of the CMA investigation.

The news comes just a week after JD Sports was embroiled in controversy regarding working conditions at its Rochdale warehouse.

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