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The deal with Market Basket paid Retail Development and Management Inc. 7.5% of the total development costs compared to the traditional industry percentage at the time of 2-3%. Secondly, Arthur T. recommended Market Basket purchase a property in Bourne, Massachusetts, for $20.9 million. The Bourne property was owned by a company in which Arthur ...
On June 27, 1971, George Demoulas died of a heart attack while on vacation in Greece, making Mike the sole head of the Demoulas supermarket chain. Shortly thereafter, in an effort to skirt laws limiting the amount of beer and wine licenses one supermarket chain could have, Mike Demoulas began opening stores under different names.
He also began opening stores under different names, including Market Basket. By 1998, there were 57 Demoulas and Market Basket stores. [2] He remained President of DeMoulas Super Markets, Inc. until 1999, when he resigned as result of a court order. [14] Outside of Market Basket, Demoulas was known for his philanthropy.
Richard King Donahue [1] (July 20, 1927 – December 14, 2015) was an American lawyer, political staffer, and business executive. Doanhue also worked as a political confidant and staffer to President John F. Kennedy and to his brothers, Senator Robert F. Kennedy and Ted Kennedy.
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John Catsimatidis – founder of Gristedes Foods John Catsimatidis Billionaire businessman and Republican primary challenger for New York City mayoral election, 2013; Tom Carvel – founder of the Carvel franchise; The Demoulas Brothers – founders of the DeMoulas' Market Basket
Sep. 25—HOLLIS — The near $10 million sale of the former Laconia State School property to the real estate arm of the Market Basket Supermarkets chain cleared the Executive Council after ...
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