Red Apple Companies, Inc., et al.; Proposed Consent Agreement With Analysis To Aid Public Comment

Résumé

In settlement of alleged violations of federal law prohibiting unfair acts and practices and unfair methods of competition, this consent agreement, accepted subject to final Commission approval, would require, 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 proposed order would permit the Commission to appoint a trustee to divest supermarkets to satisfy the terms of the order. The consent agreement also would prohibit 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, would be prohibited from entering into or enforcing any agreement that restricts the ability of any person acquiring any supermarket owned or operated by any respondent in New York County south of 116th Street.