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On August 27, 2014, the shareholders of Market Basket reached a deal to sell the remaining 50.5% shares of the company to Arthur T. Demoulas and his sisters for $1.5 billion. [1] [34] According to Fortune, Demoulas was backed by The Blackstone Group, a private equity firm that put up over $500 million towards the purchase price. [35]
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.
This category collects all articles related to Market Basket (New England) It also includes notable current or former employees, executives, and owners of the company. Pages in category "Market Basket (New England)"
Random Thoughts & Interesting Things. EDITS (4A: Tweaks a crossword clue, say) I'm a fan of a self-referential clue. AUDRA (15A: McDonald set to play Mama Rose in fall 2024) Gypsy: A Musical Fable ...
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 ...
In 1982, Kroger decided to exit the competitive Southern California supermarket business and broke up the 65 store Market Basket chain by selling many of stores to Ralphs, Boys, Hughes and Vons while closing the rest. At that time, the Market Basket name was retired while Kroger kept the rights to the Market Basket brand within California. [5]
[1] [2] Zbar was the CEO of Sun Basket, a San Francisco-based e-commerce company, [3] [4] which grew to $275M in revenues [5] and was sold in 2021 in a deal that valued the combined company at $1.3B. [6] Previously, Zbar founded Lasso, [7] Tap11, [8] and Zannel. [9] Tap11 and Zannel were sold to AVOS Systems, led by the founders of YouTube. [10]
Recalled: Market Basket Brie, 6- and 8-ounces, case number 10049705666309 and product code 049705666302. / Credit: U.S. Food and Drug Administration Recalled: Glenview Farms Spreadable Brie, 2- to ...