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Letters between two Market Basket board members shed some light on the divisions within the local grocery company’s ...
The suspended Market Basket executives wear suits in keeping with the company culture they’ve known most of their lives at ...
Market Basket and the Demoulas family have been inextricable over the past 108 years since it was founded. But ...
The suspended Market Basket executives wear suits in keeping with the company culture they’ve known most of their lives at ...
Demoulas family: Who’s who in the latest Market Basket standoff? By Camilo Fonseca Globe Staff,Updated June 5, 2025, 8:46 a.m.
A spokesperson for the CEO, Arthur T. Demoulas, says his sisters don’t want his children to take over when he retires By Shirley Leung Globe Columnist,Updated June 3, 2025, 6:21 a.m.
Who is Arthur T. Demoulas Born in 1955, Arthur Telemachus Demoulas spent his youth working at his family business – the Market Basket chain of supermarkets that are popular throughout New England.
According to the Boston Globe, Demoulas owns about 28% of the company, his sisters each own around 20%, and the rest is held in a trust for the family’s grandchildren.
But as it has grown, family squabbles have persisted. Two of Athanasios Demoulas's sons grew Market Basket into a regional supermarket chain, as WBUR's Curt Nickish reported on NPR in 2014.
Market Basket’s chief executive Arthur T. Demoulas was placed on paid administrative leave by the company’s board of directors on Wednesday, who allege that he was planning to lead a work stoppage.
The Demoulas family has a long history of legal disputes stemming from inadequate succession planning. The initial conflict began with the absence of buy-sell agreements following co-founder ...
The Demoulas family founded Market Baske t, which now has more than 90 stores in New England, a century ago in Lowell. Over the years, family factions have fought over control of the company in ...