Arthur T. Demoulas completes Market Basket deal
SEAFOODNEWS.COM [Supermarket News] By Jon Springer - December 15, 2014 -
Arthur T. Demoulas on Friday completed the purchase of the Market Basket chain.
Demoulas and his relatives acquired the 50.5% of the shares they did not own in the company from another side of the family led by his cousin, Arthur S.
David McLean, Market Basket operations manager, said in a statement. “We eagerly embark on this new chapter for the company, and expect steady growth in both the near and long term. The world witnessed just how incredible our customers and associates are and the rock solid commitment we have to our ‘people first’ culture.”
Market Basket has opened three stores since the deal was announced in August and now operates 73 stores.
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