For Your Information: February 13, 1998
The Federal Trade Commission today announced the following action.
Applications for approval of transactions: The FTC has received an application for approval of a transaction from the following. The FTC is seeking public comments on the application for 30 days, until March 16, 1998.
- Schnuck Markets, Inc. of St. Louis, Missouri, has petitioned the Federal Trade Commission for permission to divest two closed supermarkets. The divestiture is part of a 1997 agreement with the FTC that settles charges the company allowed 24 stores that it was required to divest under a 1995 settlement with the FTC to become dirty, damaged, understaffed and understocked before completing the required divestitures. The store properties to be divested are located at 6155 South Grand Boulevard, St. Louis, Missouri, and at 49 North Florissant Road, Ferguson, Missouri. Schnuck proposes to divest the St. Louis store to Mr. Joseph Koppeis, an independent grocer who owns and operates “The Market Place” in Columbia, Illinois, and proposes to divest the Ferguson store to Shop 'N Save, a subsidiary of SuperValu. (See news releases dated July 30, 1997; June 9, 1995; Docket No. C-3585. Staff contact is Kenneth Libby, 202-326-2694.)
Copies of the documents referenced above are available from the FTC’s web site at http://www.ftc.gov and also from the FTC’s Consumer Response Center, Room 130, 6th Street and Pennsylvania Avenue, N.W., Washington, D.C. 20580; 202-326-3128; TTY for the hearing impaired 1-866-653-4261. Comments on the petition should be addressed to the FTC, Office of the Secretary, 6th Street and Pennsylvania Avenue, N.W., Washington, D.C. 20580. To find out the latest news as it is announced, call the FTC NewsPhone recording at 202-326-2710.
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