18th Dec 2024 11:30
Topps Tiles PLC - Leicester, England-based tile retailer - The UK Competition & Markets Authority on Wednesday launches a merger inquiry into Topps Tiles' acquisition of CTD Tiles. Topps Tiles bought the CTD Tiles brand, 30 stores, and two distribution sites out of administration in August for GBP9.0 million. Earlier this month, the CMA had invited comment on the deal, with a deadline of Wednesday. The regulator now has a deadline of February 17 to make a decision based on the phase 1 probe. This would be to end the inquiry or move it to phase 2. Read More
