Topps Tiles Faces CMA Scrutiny Over CTD Acquisition
Deal News | Feb 17, 2025 | EIN
Topps Tiles' acquisition of 30 CTD Tiles stores for £9 million has raised concerns from the Competition and Markets Authority (CMA) regarding potential competition issues in four areas of the UK: Edinburgh, Dorking, Inverness, and Aberdeen. The acquisition, which includes CTD Tiles' brands, selected stock, and intellectual property, occurred after CTD fell into administration. The CMA has warned that the consolidation might lead to decreased competition, potentially resulting in poorer deals and services for businesses and customers in the affected regions. Topps Tiles has been given until February 24 to propose measures to address these concerns or face a more extensive investigation.
Sectors
- Retail
- Competition Regulation
- Construction and Building Materials
Geography
- United Kingdom – The entire article focuses on the UK, with specific emphasis on competition concerns in Edinburgh, Dorking, Inverness, and Aberdeen.
Industry
- Retail – The article discusses Topps Tiles' acquisition deal, which involves the retail sector, focusing on tile sales within the UK.
- Competition Regulation – Involves the role of the Competition and Markets Authority (CMA) in regulating market competition and preventing monopolistic practices.
- Construction and Building Materials – The acquisition includes tile suppliers and brands, which are part of the construction and building materials industry.
Financials
- £9 million – The deal price for Topps Tiles' acquisition of CTD Tiles' assets.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Topps Tiles | Acquiring Company | Company | The UK's largest tile specialist, acquiring CTD Tiles' assets. |
| CTD Tiles | Target Company | Company | A tile retailer whose assets have been acquired by Topps Tiles. |
| Competition and Markets Authority (CMA) | Regulator | Government | UK government department responsible for ensuring that markets remain competitive. |
| Interpath | Administrator | Company | Responsible for managing the administration process of CTD Tiles. |