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Topps Tiles plc announced on 3 March 2025 that the Competition and Markets Authority (CMA) has approved in principle its proposed remedies. These remedies relate to the acquisition of the brand and certain assets of CTD Tiles and are accepted in lieu of a Phase II investigation. This follows the result of the CMA's Phase I investigation, which Topps Tiles plc announced on 17 February.
| Date | 3 Mar 2025 |
| Time | 18:16:38 |
| Category | Acquisitions and alliances |
| ID | 1765Z |
3 March 2025
Topps Tiles plc
("Topps Group" or the "Company")
Acquisition of the brand and certain assets of CTD Tiles - CMA update
Further to its announcement on 17 February concerning the result of the CMA's Phase I investigation, the Company is pleased to note that the CMA has approved in principle its proposed remedies in lieu of a Phase II investigation.
The Company will continue to work with the CMA in a constructive and professional manner, as it has done throughout this process.
For further information please contact:
Topps Tile Plc
Rob Parker, CEO 0116 2828000
Stephen Hopson, CFO
Citigate Dewe Rogerson
Kevin Smith 020 7638 9571
Notes to Editors
Topps Tiles Plc is the UK's largest specialist supplier of tiles and associated products, targeting the UK domestic and commercial markets and serving homeowners, trade customers, architects, designers and contractors from 300 nationwide Topps Tiles stores, a commercial showroom in London and nine customer-facing websites: www.toppstiles.co.uk, www.parkside.co.uk, www.protilertools.co.uk, www.northantstools.co.uk, www.premiumtiletrim.co.uk, www.warmfloorstore.co.uk, www.flooringmaterials.co.uk, www.tilewarehouse.co.uk and www.ctdtiles.co.uk.
Since opening its first store in 1963, Topps has maintained a simple operating philosophy ‐ inspiring customers with unrivalled product choice and providing exceptional levels of customer service. For further information on the Group, please visit www.toppsgroup.com