[Federal Register Volume 60, Number 60 (Wednesday, March 29, 1995)]
[Notices]
[Page 16148]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-7632]
[[Page 16148]]
FEDERAL TRADE COMMISSION
[Dkt. 9266]
Red Apple Companies, Inc., et al.; Prohibited Trade Practices,
and Affirmative Corrective Actions
AGENCY: Federal Trade Commission.
ACTION: Consent order.
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SUMMARY: In settlement of alleged violations of federal law prohibiting
unfair acts and practices and unfair methods of competition, this
consent order requires, among other things, three New York-based
companies and their officer to divest six supermarkets, within 12
months, to a Commission-approved acquirer or acquirers. If the
respondents fail to satisfy the divestiture requirements, the consent
order permits the Commission to appoint a trustee to divest
supermarkets to satisfy the terms of the order. The consent order also
prohibits the respondents, for ten years, from acquiring, without prior
Commission approval, any supermarket or any interest in an entity that
owns or operates a supermarket in New York County south of 116th
Street. In addition, the respondents, for ten years, are prohibited
from entering into or enforcing any restrictions that would prevent any
person acquiring any supermarket owned or operated by any respondent in
New York County south of 116th Street from operating the stores as
supermarkets.
DATES: Compaint issued May 27, 1994. Order issued February 28, 1995.\1\
\1\Copies of the Complaint and the Decision and Order are
available from the Commission's Public Reference Branch, H-130, 6th
Street & Pennsylvania Avenue, NW., Washington, DC 20580.
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FOR FURTHER INFORMATION CONTACT:
Ronald Rowe, FTC/S-2105, Washington, DC 20580. (202) 326-2610.
SUPPLEMENTARY INFORMATION: On Monday, December 19, 1994, there was
published in the Federal Register, 59 FR 65364, a proposed consent
agreement with analysis In the Matter of Red Apple Companies, Inc., et
al., for the purpose of soliciting public comment. Interested parties
were given sixty (60) days in which to submit comments, suggestions or
objections regarding the proposed from of the order.
No comments having been received, the Commission has ordered the
issuance of the complaint in the form contemplated by the agreement,
made its jurisdictional findings and entered an order to divest, as set
forth in the proposed consent agreement, in disposition of this
proceeding.
(Sec. 6, 38 Stat. 721; 15 U.S.C. 46. Interpret or apply sec. 5, 38
Stat. 719, as amended; sec. 7, 38 Stat. 731, as amended; 15 U.S.C.
45, 18).
Donald S. Clark,
Secretary.
[FR Doc. 95-7632 Filed 3-28-95; 8:45 am]
BILLING CODE 6750-01-M
