A gathering of Market Basket employees loyal to Arthur T. Demoulas on Wednesday “declared independence” from the retailer’s new co-CEOs and demanded that the board of directors reinstate the ousted president.
Sobeys on Wednesday said it had reached an agreement with Agropur Cooperative by which Agropur will acquire Sobeys’ dairy manufacturing facilities in Western Canada and supply milk, yogurt, and ice cream to Sobeys, Safeway and IGA stores in the West under long-term supply arrangements.
Kroger Co. on Wednesday said it has agreed to acquire Vitacost.com, a leading Internet retailer of vitamins, supplements and healthy living products, in a deal the company said would accelerate its nascent e-commerce strategy.
Canada’s Supreme Court has upheld an arbitrator’s ruling determining that Wal-Mart Stores violated provincial labor laws when it closed a store in Jonquierre, Quebec, shortly after workers at that store gained union representation.
A tumultuous week in a tumultuous year for Demoulas Market Basket took another unexpected turn when the chain — so idiosyncratic it resisted having its own web page — finally established a company-run virtual presence.
The board of directors of Demoulas Super Markets on Monday appointed Felicia Thornton and James “Jim” Gooch, as Market Basket’s chief operating officer and chief administrative officer, respectively. They will serve as co-CEOs, and succeed longtime president Arthur T. Demoulas, who was not re-elected to his role and will not retain any management responsibilities for the family-run company.