All articles tagged with #family owned business
A Delaware Court of Chancery judge ruled the Market Basket board was justified in suspending and removing CEO Arthur T. Demoulas amid concerns about his conduct and resistance to oversight, saying the board acted in good faith to protect the company; interim leadership remains and the family-owned chain emphasizes it is not for sale while continuing its value-focused model.
Four people, including Franklin, Tennessee–based auto shop owners Aaron Stokes and Austin Huskey, were killed when a small plane crashed into mountainous terrain near Emerald Mountain outside Steamboat Springs, Colorado. The victims also included Stokes’ son Jakson and nephew Colin. The flight originated in Nashville with a stop in Kansas City, and the NTSB is investigating the crash’s cause.
A family-owned ice cream shop in West Sacramento was targeted by burglars on the day after Thanksgiving, resulting in the loss of thousands of dollars. The burglars broke into the building, cash register, and safe, stealing a five-figure sum. The family is working on repairing the shop and collaborating with law enforcement to apprehend the culprits.
Four Sisters, a beloved Vietnamese restaurant in Virginia, is closing after almost 30 years in business. The restaurant, originally known as Huong Que, was founded by the Lai family, who arrived in the US in 1981 with just two black trash bags. The family's journey from food carts to a successful restaurant business reflects their ability to work together to survive and thrive. The closure is due to multiple factors, including the end of their lease, labor shortages, and inflationary pressures. The family plans to continue their legacy through other restaurant ventures.
Stew Leonard Sr., the founder of the family-owned grocery chain Stew Leonard's, has passed away at the age of 93 after a brief illness. The $600 million business has grown to seven locations across Connecticut, New York, and New Jersey, with more than 2,500 team members. Leonard is survived by his wife, four children, 13 grandchildren, and 11 great-grandchildren. His son, Stew Leonard Jr., who is the current president and CEO of Stew Leonard’s, released an emotional obituary to commemorate his father's life and legacy. The family will hold a private memorial service and burial, but a public celebration of life will be announced at a later date. Donations to the Stew Leonard III Water Safety Foundation are welcome.
Stew Leonard Sr., the founder of Stew Leonard's grocery stores, has died at the age of 93. He opened his first store in Norwalk, Connecticut in 1969, which became known as the "Disneyland of Dairy Stores" due to its attentive customer service, low prices, quality goods, and gimmicks like singing cows. The family-owned business has since expanded to seven locations earning $600 million annually, with an enormously loyal customer base. Leonard was also known for his entrepreneurial excellence, but was sentenced to prison in 1993 for tax fraud.
Stew Leonard Sr., the founder of the family-owned grocery store chain Stew Leonard's, has passed away at the age of 93. Leonard opened the first Stew Leonard's store in 1969, which became known as the "Disneyland of dairy stores" and grew to become a $600 million business with multiple locations. Leonard is survived by his wife, four children, 13 grandchildren, and 11 great-grandchildren.