He resigned as president of the company in Ownership stake: The children of Telemachus Demoulas:. Market Basket headquarters staff estimated in mid-August that sales at stores had dropped 90 percent or more. In the end, Arthur T. Demoulas , who then still owned a Arthur T. We look forward to seeing everyone tomorrow, June 19th at Best Places to Work -- we will be holding the event rain or shine!
If you are looking to purchase last minute tickets please email msherman bizjournals. Demoulas, the ousted leader is coming back. And this time, it will be on his terms.
According to a statement released by the company, third-generation Market Basket owner Arthur T. Demoulas, who currently owns a As part of the deal, Arthur T. Also as part of the deal, however, Arthur T. The two co-CEOs were the target of many of the taunts and jeers from employees and customers who've been picketing the company headquarters in Tewksbury the past month. Arthur T. And that's just fine by his employees. Following Arthur T.
There was only one unconditional demand -- that the board reinstate Demoulas. Despite several pleas from the company's new management as well as the governors of both Massachusetts and New Hampshire to return to work, the non-unionized employees at the chain held their ground, bringing the company to a screeching halt.
Most employees actually hadn't left their jobs. Weekly Deli Menu. New Recipes Morning Burrito. Money Saver Newsletter. Sign up to receive our weekly ad, special offers, tips and recipes via e-mail. This field is for validation purposes and should be left unchanged.
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