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In 1991, George Demoulas's family sued Mike Demoulas, his son Arthur T. Demoulas, and DeMoulas Super Markets, Inc. chief financial officer D. Harold Sullivan, alleging that the three violated the Employee Retirement Income Security Act of 1974 by using their positions as the trustees of the company's employee profit-sharing plan to make ...
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.
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 ...
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 ...
Brookline (Johnnie's Fresh Market) – 1026-1028 Beacon Street; Charlestown – Bunker Hill Mall; Lynn – 50 Boston Street; Medford – 471 Salem Street; Melrose – 880 Main Street; Revere – 651 Squire Road; Somerville (Alewife) – 105 Alewife Brook Parkway; Somerville (Beacon Street) – 45 Beacon Street; South Weymouth – 35 Pleasant Street
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But a social media backlash this week to media reports that said fast-food chain Wendy’s had plans to increase menu prices during its busiest hours showed a limit to where, when and for what U.S ...
Kroger bought the chain in 1963 when Market Basket annual sales were $121 million (~$923 million in 2023). [4] 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.