George and Telemachus “Mike” Demoulas, Greek immigrant brothers who opened their first store in Lowell’s Acre more than 50 years ago, died in 1971 and 2003, respectively.

In 1954, the founder, Arthur Demoulas, sold the business to two of his sons, Telemachus and George. They turned their father's store into a fast-growing business, opening 15 different locations ...

A deal to sell the majority stake of family-owned Market Basket to Arthur T. Demoulas for over $1.5 billion was finally inked before midnight tonight following weeks of tense negotiations.

Market Basket workers have told stories about the grocery chain’s CEO, Arthur T. Demoulas, helping them out in a pinch or how the company’s profit-sharing program has allowed them to retire ...

Arthur S.'s father, George Demoulas, built the Market Basket empire with his brother Mike. In the early 1960s, they made a pact. If one died, the survivor would take care of the other's family.

Demoulas, also known as 'Mike,' grew up in the hardscrabble Acre neighborhood, working in his Greek immigrant father's local grocery store. He and his brother, George, took over the store in 1954 ...

George Demoulas died suddenly of a heart attack in 1971, setting off a long and bitter fight over control of the company. Arthur S.'s side of the family owns a slim majority of company shares.

Get Access To Every Broadway Story Unlock access to every one of the hundreds of articles published daily on BroadwayWorld by logging in with one click. When George DeMoulas' family emigrated from ...

Market Basket CEO placed on leave amid investigation 03:11. Market Basket CEO Arthur T. Demoulas has been suspended while his conduct is investigated by the company's board.

memoriams.com-Boston account -->Matriarch of Demoulas/Market Basket Family Dies at 95 Irene Gloria (Psoinos) Demoulas, 95, widow of Telemachus A. (M Irene Demoulas Obituary - Andover., MA. (1925-2020) ...

Market Basket's history is marked by two deaths: George Demoulas's heart attack in 1971 and Evan Demoulas's crash in 1993, sparking legal battles. Boston Business Journal. Select a City ...

The sole ally on Market Basket’s board to sidelined chief executive Arthur T. Demoulas is fighting back. A few weeks after the other three board members of the 90-store supermarket chain put the ...