Market Basket (New England)

DeMoulas Super Markets, Inc.
Market Basket
Company typePrivate
IndustryRetail (Grocery)
Founded1917 (107 years ago) (1917) in Lowell, Massachusetts, United States
Founder
  • Athanasios Demoulas
  • Efrosini Demoulas
Headquarters
Tewksbury, Massachusetts
,
United States
Number of locations
90
Area served
New Hampshire, Massachusetts, Maine, Rhode Island
Key people
Arthur T. Demoulas (Chief Executive Officer)[1]
ProductsBakery (not available at all stores), Dairy, Deli, Frozen Foods, Grocery, Meat, Health & Beauty Aids, Produce, Seafood, Snacks, Beer & Wine[note 1]
ServicesMarkets Kitchen & Markets Café[note 2]
RevenueUS$4 billion (2015)[2]
Owners
  • Frances Demoulas
  • Glorianne Demoulas
  • Arthur T. Demoulas
  • Caren Demoulas
Number of employees
25,000 (2014)[3]
ParentDeMoulas Super Markets, Inc.
Websiteshopmarketbasket.com

DeMoulas Super Markets, Inc., under the trade name Market Basket, is a chain of 90 supermarkets in New Hampshire, Massachusetts, Maine, and Rhode Island in the United States, with headquarters in Tewksbury, Massachusetts.[3]

From 1990 through late August 2014, the company was the center of a controversy over ownership and leadership, which culminated in protests receiving international media attention. On August 27, 2014, an agreement was reached between its feuding owners to sell the 50.5% stake of the company owned by the family of Arthur S. Demoulas to his cousin Arthur T. Demoulas for $1.5 billion.[1]

  1. ^ a b Vaccaro, Adam (August 27, 2014). "He's Baaaaaack: Arthur T. to Buy Market Basket in $1.5 Billion Sale". The Boston Globe. Retrieved August 28, 2014.
  2. ^ "Demoulas Super Markets". Forbes. Retrieved August 27, 2016.
  3. ^ a b Ross, Casey (August 10, 2014). "'Onerous' terms prolong standoff, Arthur T. say". The Boston Globe. Retrieved August 12, 2014.


Cite error: There are <ref group=note> tags on this page, but the references will not show without a {{reflist|group=note}} template (see the help page).