JD Sports Responds To £1.5 mln Fine By CMA

JD Sports was fined approximately £1.5 million on Tuesday by Britain’s competition regulator regarding the completion of its investigation into suspected breaches of competition laws.

The investigation into retail prices included certain branded clothing of Rangers Football Club. Back in June, the Competition and Markets Authority found JD Sports and rival Elite Sports had fixed the retail prices of a number of Rangers-branded replica kits and clothing.

JD stated they have fully co-operated with the CMA throughout the investigation, including taking swift steps to apply for leniency and agreeing to settle the investigation.

Therefore, the CMA determined the final penalty would be at a substantial discount after full co-operation. As a result, JD will not be appealing the penalty.

According to JD, no directors or senior management were involved in the offending conduct.

Meanwhile, the company has taken numerous steps to strengthen its competition compliance and will embed it into its daily operations.

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