Tuesday, August 24, 2010

Local News: Food concentration

The FTC has ruled that Tops must sell two of its recently purchased P&C stores in Ithaca to preserve competition in the area following its purchase of P&C. Apparently the FTC can also tell them which two and they are the two nearest us. I never liked P&C, so I'm not bothered ... but five minutes ago when I thought they were being ordered to close the Tops store I've patronized the last eight years, I was rather perturbed.
However, the decision is open to public comment until September 7, 2010, after which the Commission will decide whether to make it final. Comments should be sent to: FTC, Office of the Secretary, 600 Pennsylvania Avenue, N.W., Washington, DC 20580. To submit a comment electronically, use this address: https://ftcpublic.commentworks.com/ftc/penntraffic/. ...
"The settlement order announced today requires Tops to sell seven Penn Traffic supermarkets to an FTC-approved buyer within three months." (in Bath, Cortland, Ithaca (two stores), and Lockport, New York; and Sayre, Pennsylvania (two stores)

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