Topps Tiles, the largest tile specialist in the UK, acquired 30 CTD Tiles stores as part of a deal following CTD’s administration in August 2024. CTD was previously the second-largest specialist tile retailer in the UK, making this a significant acquisition within the tile industry.
However, after receiving complaints, the Competition and Markets Authority (CMA) has raised competition concerns in four areas of the UK: Dorking, Edinburgh, Inverness, and Aberdeen. The reduction in competition in these locations could result in less favourable deals and services for customers and businesses.
At this stage, the CMA has completed a Phase 1 investigation, and Topps Tiles now has an opportunity to respond and propose solutions. If they are unable to do so, the CMA will proceed with a more in-depth investigation.