Breach of CMA’s Interim Order invites £ 4.7m fine on JD Sports and Footasylum

Having found safeguards, for compliance of interim order against exchanging commercially sensitive information during phase 2 investigation, initiated after CAT order, of a previously blocked merger, seriously deficient, CMA imposed a total fine of £ 4.7m on JD Sports & Footasylum. Frustration on concealment of information was expressed by Kip Meek, Chair of the inquiry group investigating the merger, who said, “There is a black hole when it comes to the meetings held between Footasylum and JD Sports.