SPORTS Direct tycoon Mike Ashley has slammed the UK's competition watchdog for its investigation into the merger between rivals JD Sports and Footasylum, saying it has overstated Sports Direct's market share.
The Competition and Markets Authority (CMA) is investigating JD Sports' £90m takeover of Footasylum.
Documents showed the regulator said Sports Direct will be the "only retailer with a comparable share of supply to the merged entity", although it acknowledged that Ashley's company has a "lack of access" to premium products.
However, the sports retailer hit back at the claim yesterday, saying the watchdog's findings "substantially overstate its presence on each of the markets which are the subject of investigation".
Chief executive Mike Ashley said: "I would now welcome the opportunity to provide the CMA with the correct market data."
(c) 2019 City A.M., source Newspaper