The UK’s Competition and Markets Authority (CMA) raises concerns over Topps Tiles’ recent acquisition of 30 stores from CTD Tiles, warning that the deal could reduce competition in four UK regions. The £9 million acquisition followed CTD’s administration in 2024, with the company being the second-largest specialist tile retailer in the UK.
The CMA’s investigation has identified potential risks for businesses and consumers in Dorking, Edinburgh, Inverness, and Aberdeen. The merger could lead to higher prices and reduced service quality. Complaints have been raised about the impact on local competition, particularly for retail customers and businesses reliant on tile supply.
The Leicestershire-based Topps Tiles has until February 24 to submit proposals to address the CMA’s concerns. If the company fails to do so, the deal could face a more detailed investigation.
While Topps has committed to cooperating with the CMA, the acquisition has raised red flags among its largest shareholders. MS Galleon, which holds a significant stake in Topps, has expressed concern that the deal was overpriced and does not align with the company’s long-term strategy.
