Kiwi Brands Inc., et al.; Prohibited Trade Practices, and Affirmative Corrective Actions

FEDERAL TRADE COMMISSION

[Docket C-3523]

Kiwi Brands Inc., et al.; Prohibited Trade Practices, and

Affirmative Corrective Actions

AGENCY: Federal Trade Commission.

ACTION: Consent Order.

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SUMMARY: In settlement of alleged violations of federal law prohibiting

unfair acts and practices and unfair methods of competition, this

consent order requires, among other things, Kiwi Brands Inc., a

subsidiary of Sara Lee Corporation, to divest its Esquire and Griffin

brands of shoe care products and related assets: to Hickory Industries,

within one month of the date the order becomes final; or to a

Commission approved acquirer, within twelve months of the date the

order becomes final. If the sale is not accomplished within the

specified time, the Commission would be entitled to appoint a trustee

to sell the assets to a Commission approved acquirer in a manner

approved by the Commission. In addition, for a period of ten years, the

respondents are required to obtain prior Commission approval before

acquiring any stocks or assets of any entity engaged in chemical shoe

care products.

DATES: Complaint and Order issued August 24, 1994.\1\

\1\Copies of the Complaint and the Decision and Order are

available from the Commission's Public Reference Branch, H-130, 6th

Street & Pennsylvania Avenue, N.W., Washington, D.C. 20580.

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FOR FURTHER INFORMATION CONTACT: Howard Morse, FTC/S-3627, Washington,

D.C. 20580, (202) 326-2949.

SUPPLEMENTARY INFORMATION: On Wednesday, July 13, 1994, there was

published in the Federal Register, 59 FR 35730, a proposed consent

agreement with analysis in the matter of Kiwi Brands Inc., et al., for

the purpose of soliciting public comment. Interested parties were given

sixty (60) days in which to submit comments, suggestions or objections

regarding the proposed form of the order.

No comments having been received, the Commission has ordered the

issuance of the complaint in the form contemplated by the agreement,

made its jurisdictional findings and entered an order to divest, as set

forth in the proposed consent agreement, in disposition of this

proceeding.

(Sec. 6, 38 Stat. 721; 15 U.S.C. 46. Interpret or apply sec. 5, 38

Stat. 719, as amended; sec. 7, 38 Stat. 731, as amended; 15 U.S.C.

45, 18).

Benjamin I. Berman,

Acting Secretary.

[FR Doc. 94-23580 Filed 9-22-94; 8:45 am]

BILLING CODE 6750-01-M