Competition watchdog belatedly realised it was a good idea to understand the modern high street before ruling on takeover of 99p Stores

Who would have thought that speaking to shoppers or ­actually visiting a shop would be a useful place to start for a regulator investigating a major high street deal? Well, that is what the Competition and Markets Authority appear to have belatedly discovered.

The competition regulator has provisionally given the green light to Poundland’s £55m takeover of 99p Stores after an “in-depth phase two investigation”. This is a different conclusion to the CMA’s phase one inquiry, in which it said it could force Poundland to sell off 80 stores as well as 12 forthcoming ones for the deal to be agreed.

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Source: The Guardian Circular Economy RSS