CMA warns Topps Tiles' acquisition risks worse deals in four UK regions

The Competition and Markets Authority (CMA) has raised concerns regarding Topps Tiles' acquisition of 30 stores from CTD Tiles, indicating that it could lead to reduced competition and worse deals for customers in Dorking, Edinburgh, Inverness, and Aberdeen. The £9 million deal, finalized in August after CTD fell into administration, has prompted several complaints about its potential impact on both retail and business customers. Following an initial investigation, the CMA has given Topps until February 24 to propose measures that could mitigate these concerns and avoid a deeper investigation. CMA executive director Joel Bamford highlighted that the merger could increase costs for customers involved in renovation projects. Topps Tiles has stated their commitment to working constructively with the CMA throughout this process. The regulator's findings emphasize the importance of maintaining competitive markets to protect consumer interests.