Topps Tiles, which is the largest tile specialist in the UK, purchased 30 CTD Tiles stores as part of a deal after CTD entered administration in August 2024. CTD was previously the second largest specialist tile retailer in the UK, so this was a sizeable acquisition for the tile world.
However, following complaints, the Competition and Markets Authority (CMA) has raised competition concerns in 4 areas of the UK: Dorking, Edinburgh, Inverness and Aberdeen. The reduction in competition in these areas could lead to worse deals and service for the customers and businesses there.
At this stage, the CMA have completed a Phase 1 investigation and Topps Tiles now have a chance to respond and offer solutions. If they are not able to do so, then the CMA will pursue a more in-depth investigation.
