Price Chopper/Tops Markets, In the Matter of

Last Updated:
Case Status:
Pending
In the Matter of The Golub Corporation, a corporation, Tops Markets Corporation, a corporation, and Project P Newco Holdings, Inc., a corporation.
FTC Matter/File Number:

211 0002

Docket Number:

C-4753

Case Summary

New York-based supermarket operators The Golub Corp., which owns the Price Chopper chain, and Tops Market Corp. have agreed to divest 12 Tops supermarkets to C&S Wholesale Grocers to settle Federal Trade Commission charges that their proposed merger would likely be anticompetitive in 11 local markets in New York and Vermont. In those markets, according to the complaint, without a remedy the merger is likely to allow the newly merged company to increase prices above competitive levels, unilaterally or by coordinating with competitors. The merger is also likely to diminish the combined company’s incentives to compete on quality and service in its stores. The Decision and Order requires Price Chopper and Tops to divest the 12 Tops stores and related assets to C&S on a rolling basis, beginning by Jan. 17, 2022, at a rate of two stores pe week for six weeks.