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JD Sports: Footasylum Decision ‘Defies Logic’

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JD Sports’ executive chairman unleashed on the British antitrust authority’s “inexplicable” decision overturning the company’s Footasylum acquisition. Though the Competition and Markets Authority (CMA) had provisionally barred the athletic retailer’s purchase in September, its final ruling Thursday ordering JD Sports to unwind the 2019 deal “defies logic,” said Peter Cowgill, executive chairman for the Pentland…

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