On Tuesday, JD (NASDAQ: JD) Sports said that it was fined about 1.5 million pounds (USD 1.6 million) by Britain’s competition regulator, Competition and Markets Authority (CMA). This happened after an investigation into retail prices of certain branded clothing products of the Rangers Football Club was completed.

In June, the Competition and Markets Authority (CMA) had provisionally found that Britain’s biggest sportswear retailer JD Sports and rival Elite Sports had colluded to fix the retail prices of a number of Rangers-branded replica kits and other clothing products.

The Competition and Markets Authority (CMA) had determined the final penalty at a ‘substantial’ discount after JD Sports co-operated during the watchdog’s investigation. The company said it would not appeal against the fine. In June, JD Sports had set aside 2 million pounds for a potential fine and legal costs.

Founded in 1981, JD Sports is the leading sneaker and sports fashion retailer. Headquartered in Bury, it is Britain’s biggest sportswear retailer. Pentland Group is the majority owner (with a 55% stake) of JD Sports, which has 2,500 retail outlets globally.