UNITED STATES OF
Office of the Secretary
April 17, 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 26, 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 145 East 92nd St., a/k/a 1407 Lexington Avenue in New York, New York ("Supermarket") to W.R. Purchasing Corp. ("White Rose"), which will in turn sell the Supermarket to Nelson Diaz or 145 Food Corp. Mr. Diaz will be the ultimate owner and 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 March 3, 1997, Mr. Diaz filed additional information for the Commission's attention. On April 8, 1997, Respondents filed with the Commission an agreement signed by the landlord consenting to the Respondents' assignment of the lease on the above-described property to the proposed acquirer.
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