Today news
About the same in other media
14.01 - 14:39
Frasers Group reportedly offers to buy Footasylum
Reading now: 991
theguardian.comSports Direct founder Mike Ashley’s retail group is reported to have tabled an offer to buy Footasylum, the trainer retailer that rival JD Sports has been instructed to sell by the competition regulator.
The offer is the latest development in a running battle between Ashley’s Frasers Group and JD Sports over access to the best goods from key suppliers, such as Nike and Adidas, as well as the attention of shoppers.
JD Sports was ordered to sell Footasylum’s 65 stores by the Competition and Markets Authority (CMA) in November, after the watchdog ruled that JD’s purchase of the smaller chain of trainer shops would result in a worse deal for shoppers.
The regulator must approve the new purchaser to ensure it is a truly independent competitor –
Read more on theguardian.comAbout this in other media
Citi continues pivot to wealthy clients as Fraser quits another consumer banking business fnlondon.com /2 years ago
TP ICAP offers European clients crypto-linked ETP fnlondon.com /2 years ago
UK parliament launches crypto group finextra.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
