The board of directors of Demoulas Super Markets on Friday confirmed it was in receipt of an offer to buy the company from deposed president Arthur T. Demoulas but failed to act to reinstate him in an executive position, calling for “normal business operations to resume immediately.”...More
Unraveling what happened in the aftermath of George’s death would become one of the longest, most expensive and contentious series of lawsuits in Massachusetts history —and its aftereffects still resonate at the company.
The Market Basket saga took another twist Thursday when ousted president Arthur T. Demoulas revealed he has offered to buy out the 50.5% of company owned by his rival cousin and his family.
Spokespeople for Arthur T. Demoulas did not provide detail beyond the following statement, issued early Thursday:...More
Worker demonstrations in protest of the firing of Market Basket president Arthur T. Demoulas continued on Monday as some parties called for a customer boycott of the retailer’s stores and product shortages reportedly affected at least some stores....More
Market Basket workers who demanded the reinstatement of fired president Arthur T. Demoulas have set a Thursday deadline for a response from the company’s new co-CEOs, according to a memo SN obtained from Facebook....More