The Latest Breaking News from CMA

JD Sports bought Footasylum for £90m but has now sold it for less than £40m

ASOS and Boohoo are also being investigated by the CMA as the authority warns that retailers could face court action if their environmental claims do not ‘stack up’

JD Sports said it has 'cooperated with the CMA throughout the divestment process'

Retailer bought the chain in 2019 for £90 million

Deal with German asset management firm Aurelius Group follows CMA concerns

JD Sports first agreed to buy Footasylum in March 2019 for £90m

The U.K.’s top antitrust watchdog stepped down this week after a nine year tenure that saw him elevated by Brexit to be one of the world’s most powerful regulators but he leaves with unfinished business reining in the excesses of Silicon Valley.

Britain's competition regulator will investigate whether fashion brands ASOS, Boohoo and George at Asda are misleading shoppers with their environmental claims as it scrutinizes retailers for evidence of "greenwashing". The investigation comes as regulators heighten scrutiny of companies which may be exaggerating their green credentials in an attempt to woo…

‘People who want to ‘buy green’ should be able to do so confident that they aren’t being misled,’ says competition watchdog chief

The CMA is looking into Asos's "Responsible edit" range, Boohoo's "Ready for the Future", and "George for Good"

The regulator is looking at whether they have misled customers