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The Competition and Markets Authority (CMA) had in June provisionally found that JD Sports, Britain’s biggest sportswear retailer, and rival Elite Sports had colluded to fix the retail prices of a number of Rangers-branded replica kits and other clothing products.
The CMA had determined the final penalty at a “substantial” discount after it co-operated during the watchdog’s investigation, JD Sports said in a statement. The company would not appeal against the fine, it added.
JD Sports had in June set aside 2 million pounds for a potential fine and legal costs.
($1 = 0.9256 pounds)
