Commission Approves Brunos Petition to Reopen and Set Aside Order

Commission approval of petition to reopen and set aside order: The Commission has approved a petition from Bruno’s Supermarkets to reopen and modify the final FTC decision and order in the matter of Koninklijke Ahold N.V. (Ahold) and Bruno’s Supermarkets, Inc. (Bruno’s), Docket No. C-4027. As detailed in the petition, a copy of which can be found on the FTC’s Web site as a link to this press release, Bruno’s requested that the Commission reopen and terminate the order, dated January 16, 2002, as it applies to Bruno’s, BI-LO, LLC and their ultimate parent entity, Lone Star Fund V (U.S.), L.P. (Lone Star).

Under the order, Ahold, a global food service distributor and retailer headquartered in the Netherlands, was permitted to acquire all of the outstanding voting stock of Bruno’s, a large supermarket chain in the southeastern United States, provided that it met certain conditions. Specifically, among other things, the order required Ahold to divest two BI-LO supermarkets, located in Milledgeville and Sandersville, Georgia, to Kroger and Winn-Dixie, respectively. Under the order, among other things, for 10 years from the date the order became final, Ahold also had to notify the Commission before acquiring any supermarkets (or supermarket interests) in Baldwin and Washington counties, Georgia.

On July 21, 2006, the Commission reopened and modified the FTC order in this matter in response to Ahold’s petition requesting the Commission to reopen and set aside the order as it applied to Ahold. The Commission set aside the order as to Ahold based on Ahold’s showing that it had sold all of its interests in BI-LO Holdings, LLC to Lone Star U.S. Acquisitions on January 31, 2005. Included within BI-LO Holdings was Bruno’s, the remaining respondent under the order. As a result of the sale to Lone Star, Ahold no longer owned or operated supermarkets in Baldwin and Washington Counties, Georgia.

Subsequently, Bruno’s sold some of its supermarkets, including the two stores in Baldwin and Washington Counties, Georgia to C&S Wholesale Grocers, Inc. and thus no longer owns or operates supermarkets in those counties. Consequently, Bruno’s (and Lone Star) have requested that the Commission vacate the order as it relates to Bruno’s. By a vote of 5-0, the Commission has now approved that request. (FTC File No. 011-0247, Docket No. C-4027; the staff contact is Elizabeth A. Piotrowski, Bureau of Competition, 202-326-2623; see press release dated December 7, 2001; April 18, 2006; July 25, 2006; and April 12, 2007.)

Copies of the documents mentioned in this release are available from the FTC’s Web site at http://www.ftc.gov and from the FTC’s Consumer Response Center, Room 130, 600 Pennsylvania Avenue, N.W., Washington, DC 20580. Call toll-free: 1-877-FTC-HELP.

IR Press

Share
Published by
IR Press

Recent Posts

OCC Announces Enforcement Actions for November 2024

WASHINGTON—The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against…

19 hours ago

Treasury Sanctions Gazprombank and Takes Additional Steps to Curtail Russia’s Use of the International Financial System

Treasury imposes sanctions on dozens of Russian banks, securities registrars, and finance officials; OFAC issues…

1 day ago

Acting Comptroller Testifies on State of the Federal Banking System

WASHINGTON—Acting Comptroller Michael J. Hsu today testified on the state of the federal banking system…

2 days ago

Remarks by Assistant Secretary for International Finance Brent Neiman on the U.S. Cross-Border Payments Agenda

As Prepared for Delivery Thank you very much for the opportunity to be here today, and…

3 days ago

Remarks by Assistant Secretary for Investment Security Paul Rosen at the Third Annual CFIUS Conference

As Prepared for Delivery Good afternoon.  I’d like to start by thanking our panelists today for…

3 days ago