UNITED STATES OF
Office of the Secretary
April 16, 1997
Nicholas C. Katsoris
Re: Red Apple Companies, Inc. Docket No. 9266
Dear Mr. Katsoris:
This letter responds to the Application for Divestiture Pursuant to Decision and Order of February 28, 1995 ("Application"), that you filed on November 20, 1996, on behalf of Red Apple Companies, Inc., John A. Catsimatidis, Supermarket Acquisition Corp., and Designcraft Industries, Inc. ("Respondents") seeking prior approval by the Federal Trade Commission of the divestiture of Respondents' supermarket located at 1245 Park Avenue, New York, N.Y. ("Supermarket") to W.R. Purchasing Corp. ("White Rose"), which will in turn sell the Supermarket to Park Avenue Meat & Grocery Corp. or Juan Diaz, the sole owner of Park Avenue Meat & Grocery Corp. Mr. Diaz will operate a full-line supermarket at the Supermarket location. The Order in Docket No. 9266 requires prior Commission approval of the divestiture by Respondents.
On April 8, 1997, Respondents filed with the Commission a letter signed by the landlord consenting to the assignment of the Respondents' lease on the above-described property to White Rose and Park Avenue Meat & Grocery Corp.
After consideration of the proposed transaction as set forth in the Application and supplemental documents, as well as other available information, the Commission has determined to approve Respondents' Application. In according its approval to this transaction, the Commission has relied upon the information submitted and representations made in connection with Respondents' Application, and has assumed them to be accurate and complete.
By direction of the Commission.
Donald S. Clark