UK Competition Commission Clears Sports Direct Buys

Law360, New York (March 17, 2010, 2:24 PM EDT) -- The U.K. Competition Commission has formally cleared Sports Direct International PLC's acquisition of more than 30 stores from rival sports clothing and equipment retailer JJB Sports PLC, ending an investigation that started when a fellow regulator raised competition concerns last year.

In a report released Tuesday, the Competition Commission said that Sports Direct had acquired a relatively small number of stores from its chief U.K. rival, and the transfers have had no effect on the ability of JJB Sports to compete with Sports Direct nationally. The...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.