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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 ...
Denver City is a city located in Yoakum County in the far western portion of the U.S. state of Texas, near the New Mexico boundary. It is named for the petroleum company Denver Productions. Its population was 4,470 at the 2020 census, [4] down from 4,479 at the 2010 census. The city is located at the intersection of Texas State Highways 214 and 83.
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 ...
The next decade saw Market Basket begin an extensive remodeling and expansion program for half of the chain. More stores in the 1990s were acquired, including four cash and carry locations and three AppleTree stores. The Mauriceville location was replaced with a newly constructed store during this time.
The Post has been at the forefront of reporting how Tren de Aragua terrorized the Denver suburb of Aurora — a city with a population just under 400,000 — for months, even taking over entire ...
Josh Hubbard leads No. 21 Mississippi State to 70-54 win over No. 7 Texas A&M. Weather. Weather. Associated Press. Experts give up hope for 157 false killer whales stranded on a beach in Australia ...