Market Basket cabaret heads to Boston
Two two-hour Market Basket–themed drag and burlesque shows, titled Market Rate, are coming to Jacque’s in Boston on Sept. 23, featuring a rotisserie chicken–eating contest; tickets go on sale at 2 p.m.
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Scarborough Town Center Expands as New Tenants Announce
Verizon, NBT Bank, and Maine Community Bank are the latest tenants announced for Scarborough’s planned town center at The Downs, adding to more than 240,000 square feet of commercial space under construction with roughly 70% leased or purchased; Market Basket and InterMed are slated to open later this year, and Café Luna will relocate there next spring.
Market Basket taps longtime exec as president after court backs firing of former CEO
Market Basket named Chuck Casassa as its new president after a Delaware chancery court upheld the board’s firing of former CEO Arthur T. Demoulas; interim CEO Don Mulligan is retiring and the board did not announce a successor. Casassa, who started as a bagger in 1976 and rose to director of operations last year, is lauded for his store leadership. The court ruling ends Demoulas’s long-running family feud with the board, which argued he resisted oversight and could repeat a 2014 boycott. Market Basket remains a top regional grocer and will continue to work with Demoulas as a shareholder.
Delaware judge backs Market Basket board in ousting Arthur Demoulas
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.
Market Basket Ranked as the Second-Best Grocery Chain in the U.S.
Market Basket is ranked as America's second-best grocery store chain for the second consecutive year, praised for its customer trust and human connection, despite ongoing family disputes at the company. The ranking highlights its focus on saving customers money and its unique in-store experience without self-checkout aisles, with other top Massachusetts stores also recognized. The ranking underscores the importance of trust and value in the current economic climate.
Market Basket CEO Arthur T. Demoulas Fired Amid Family and Board Dispute
Market Basket CEO Arthur T. Demoulas was fired by the company's board after failed mediation efforts, amid ongoing family and management disputes that have caused tension and protests within the company, but the company assures it will continue operations as usual.
Market Basket Executives Speak Out Amid Leadership Shakeup
Longtime Market Basket executives Joe Schmidt and Tom Gordon expect to be fired following the company's decision to put CEO Arthur T. Demoulas on leave, raising questions about the company's leadership future.
Market Basket CEO on Leave Sparks Family Dispute and Public Debate
A Market Basket board member revealed that CEO Arthur T. Demoulas was placed on paid leave due to concerns over his conduct, including refusal to share information, raising questions about leadership and succession planning, but company operations are expected to remain stable.
Family Feud Continues to Shake Market Basket
Market Basket's board has placed CEO Arthur T. Demoulas on leave amid allegations of planning a work stoppage and disputes over succession plans, reigniting a long-standing family feud that has previously led to employee strikes and corporate turmoil.
Market Basket CEO Arthur T. Demoulas on Paid Leave Amid Family Feud
The board of Market Basket placed CEO Arthur T. Demoulas and others on paid leave amid allegations of planning a work stoppage and disputes over succession planning, leading to ongoing family and corporate conflicts.
Market Basket CEO on Leave Amid Family Feud and Allegations
Market Basket CEO Arthur T. Demoulas has been placed on paid leave amid allegations of planning a work stoppage in retaliation against the board, which he denies, claiming a hostile takeover by his family and board members. The company emphasizes its commitment to stability and community service during this controversy.
Market Basket Board Suspends CEO Amid Family Feud and Investigation
The Board of Directors of Market Basket has suspended CEO Arthur T. Demoulas and initiated an investigation into allegations of misconduct, including plans to disrupt operations and improper retaliation, while ensuring continued store operations and customer service.
Thanksgiving Dinner Costs Drop: Where to Find the Best Deals
A NewsCenter 5 survey of Boston-area grocery chains found Market Basket to be the cheapest option for Thanksgiving staples, totaling $45.50 for ten items. The survey revealed a $25 price difference between the least and most expensive stores. Walmart, Target, and Wegmans followed closely behind Market Basket in affordability. Shaw's, initially the most expensive, has since introduced a turkey price-matching special. The survey highlights significant price variations among grocery chains despite their small profit margins.
Tragic Accident Near Chelsea Market Basket Claims Lives
A woman was killed in an incident involving a vehicle near a Market Basket grocery store in Chelsea, Massachusetts. The victim was reportedly helping a driver learn how to drive when the accident occurred. Chelsea police are investigating the incident, and the driver of the vehicle is cooperating with authorities. Specific details about the incident leading to the woman's death were not immediately available.
Market Basket Employees Take Down Accused Wallet Thief
Market Basket employees in a New Hampshire store stopped and held a man accused of stealing a customer's wallet. The suspect, Robert Desmond, grabbed the wallet from a woman's purse and was held down by store employees until police arrived. During the struggle, Desmond bit one of the employees, causing minor injuries. He was arrested on charges including robbery, simple assault, and possession of a controlled substance.