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Sparks commentary - Topps Tiles

Consumer

Sparks - Topps Tiles

More on this equity
Topps Tiles — Strategy and markets align
Topps Tiles (LSE: TPT) – conclusion of CMA investigation
Published by Russell Pointon

Topps Tiles (TPT) has announced that the CMA investigation into the acquisition of the brand and certain assets of CTD Tiles has concluded following TPT’s agreement to divest four of the 30 CTD stores where the CMA identified potential competition concerns. As a result, a Phase II investigation will not proceed. This is obviously welcome news as management will be able to gain full access to the business and focus on its operations. Management will provide an update on CTD’s performance and strategy at the H125 results on 20 May.

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