TELEMACHUS DEMOULAS Services were held here last week for Telemachus "Mike" Demoulas, 82, who founded Demoulas Market Basket, Tewksberry, Mass., with his brother George in 1955. The company, launched with a 600-square-foot grocery store here, now operates 58 stores and had estimated revenues of $1.9 billion in 2002. Mike and George ran the chain together until 1971, when George died. At that point each brother's family controlled 50% of the company's stock, but a battle for control of the ...
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