Sports Direct's latest acquisition is a retail park in Hertfordshire that it bought for a third of the price paid by its previous owners. The company said it's planning to transform it into an aspirational destination.
FashionNetwork.com visited the European offices of the US sportswear giant to find out about its plans for Europe, where, hit by the ‘yellow vest’ protests in France, it is concentrating on London and Milan.
Britain's competition watchdog on Tuesday said it has referred JD Sports Fashion's acquisition of smaller rival Footasylum to an in-depth investigation, as it believes the completed deal may stem market competition.
Sports Direct said an antitrust investigation into rival JD Sports Fashion's takeover of Footasylum could have implications for the sector's major players, particularly their relationships with "must-have" brands.
It looks like JD Sports’ £90 million acquisition of troubled smaller peer Footasylum isn’t going to go through easily with news that the Competition and Markets Authority wants a more in-depth look at the deal.