JD Sports Fashion has launched an investigation into who covertly filmed Peter Cowgill, the group’s executive chairman, meeting his opposite number at Footasylum in a possible breach of competition rules.
Britain’s biggest retailer of trainers is understood to believe that the meeting between Cowgill and Barry Bown, executive chairman of Footasylum, was filmed by a competitor keen to see JD’s £90 million takeover of its smaller rival blocked by the competition watchdog.
The Competition and Markets Authority has been investigating the deal since it was announced in 2019, during which time JD has been prevented from integrating Footasylum or hindering the two companies from competing against each other. Under the enforcement order, which remains in place, meetings between the two are permitted but they
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2021-11-08 00:01:00Z
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