RED APPLE TO SELL OFF MORE STORES

NEW YORK -- Red Apple Cos. here plans to divest six stores to other supermarket operators to satisfy a Federal Trade Commission complaint and to sell 15 to 20 smaller stores to Rite-Aid Corp. to consolidate its operations, John Catsimatidis, chairman, said last week. Rite-Aid, a drug store operator based in Camp Hill, Pa., purchased two stores from Red Apple last fall. Catsimatidis said he expects

NEW YORK -- Red Apple Cos. here plans to divest six stores to other supermarket operators to satisfy a Federal Trade Commission complaint and to sell 15 to 20 smaller stores to Rite-Aid Corp. to consolidate its operations, John Catsimatidis, chairman, said last week. Rite-Aid, a drug store operator based in Camp Hill, Pa., purchased two stores from Red Apple last fall. Catsimatidis said he expects to sell the 15 to 20 stores to Rite-Aid within six to nine months and to divest the six

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