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In 1997 the Massachusetts Supreme Judicial Court upheld a lower court's ruling that Arthur T. Demoulas had presented the DeMoulas Super Markets Board of Directors with “misleading, inaccurate, and materially incomplete” information in order to receive a rejection and keep his cousins from receiving any of the profits from Lee Drug, a ...
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 ...
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Market Basket has two locations in Rhode Island, and two stores just over the state line, in Attleboro and Fall River, Massachusetts. Warwick: 25 Pace Blvd. Johnston: 1300 Hartford Ave.
During a conflict between two sides of the Demoulas family, which owns the Market Basket grocery chain, Hassan urged the family to resolve the dispute, which threatened 9,000 jobs in New Hampshire. [45] In July 2015, Hassan vetoed a bill that would have removed the licensing requirement for carrying concealed firearms. [46]
Price Chopper's primary market is still the Capital District of New York, where about one-third of its store base is located. Other major markets for Price Chopper include Utica , Syracuse , Binghamton , and the Mid-Hudson Valley in New York, as well as Scranton and Wilkes-Barre , Pennsylvania ; Hartford , Connecticut ; Worcester ...
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