In September 2025, the Market Basket board of directors fired long-time CEO Arthur T. Demoulas ("Artie T") following a, prolonged,,, family feud and failed mediation. Additionally, several key executives and allies of Arthur T. were terminated, including District Supervisor Paul Quigley and employees Esteban Alvarez and Adam Deschene.
TEWKSBURY, Mass. — Arthur T. Demoulas has been removed as president and CEO of the Tewksbury-based Market Basket grocery store chain, months after he was suspended over allegations that he had been considering leading a work stoppage.
In May, the board placed Demoulas and five other employees on paid leave while it launched an investigation into what it called “credible allegations” that Demoulas planned to disrupt Market Basket's business operations with a work stoppage.
(led by Arthur S. Demoulas), the company that runs the Market Basket chain of supermarkets, fired President and CEO Arthur T. Demoulas. Demoulas's dismissal resulted in protests from the company's employees and customers.
Morrisons' stance is complex, generally avoiding political alignment but facing pressure from both sides, primarily by sourcing some produce from Israel while committing not to source from Occupied Palestinian Territories, leading to boycotts and campaigns from Palestinian solidarity groups. They've responded to campaigns by removing products or correcting misrepresentations (like a Ramadan calendar listing the Al-Aqsa Mosque in Israel) but maintain sourcing from Israel as a business decision, not political support, despite ongoing consumer activism.
Arthur T. Demoulas fired as Market Basket CEO and more top stories
Who is taking over the Market Basket?
BREAKING UPDATE: Market Basket has appointed a 'homegrown leader' to replace its longtime CEO Arthur T. Demoulas, who was fired last week. Rob PaImer agree - nice man with a longterm knowledge and experience with the company. Congratulations Donald Mulligan!!!
Market Basket has named Don Mulligan as the Massachusetts-based supermarket chain's interim Chief Executive Officer. He replaces fired CEO Arthur T. Demoulas. Read more: https://cbsloc.al/4nESPvz.
As he finished singing "Manhattan," La Rosa and the audience heard Godfrey precede his sign-off by saying, "That was Julie's swan song with us." Godfrey said he fired him because he lacked "humility" and because he had hired an agent. The public firing actually boosted La Rosa's career for a while.
Demoulas family. The Demoulas family is a Greek-American family that controls Demoulas Super Markets, Inc., the company that operates the Market Basket chain of supermarkets. Beginning in 1990, two sides of the Demoulas family fought for control of DeMoulas Super Markets.
October 19th, 1953 – Singer Julius La Rosa was fired publicly on "Arthur Godfrey Time.” Business friction between the two became severe when La Rosa began receiving more fan mail than Godfrey.
Did Arthur T. Demoulas sue Market Basket board to reclaim CEO position?
The nearly 100-page legal filing from Demoulas on Wednesday answers accusations made in a lawsuit by Market Basket's Board of Directors when the board announced his firing last month. He is not seeking monetary damages, but wants to be reinstated as president and CEO of the Tewksbury-based company.
1. Jim Walton. The 74 year old is the youngest son of Walmart founder Sam Walton. It is estimated that he has a net worth of $62.5 billion (€58.7 billion), according to Forbes, which places him as the richest grocer on the list, as well as the 16th richest person overall.
Market Basket CEO on paid leave over allegedly plotting work stoppage. In 2014, a long-simmering fight between Arthur T. Demoulas and Arthur S. Demoulas, his cousin, devolved into a company-wide boycott and employee walkouts.
Athanasios and Efrosini Demoulas immigrate from Kalambaka, Greece and settle in Lowell, Massachusetts. Having been familiar with farming and agriculture from his homeland, Athanasios begins to cultivate crops and tend livestock.
Last December 2024, the company paid off the $1.6 billion in debt used to buy the company. Why Is Performance Management So Hard? Fast-forward to 2025 and Market Basket is doing very well. The company now has 90 stores and around 32,000 employees with annual revenue of nearly $8 billion—almost double its 2014 revenue.
Georges reports that he has over $7 million as of late July. About $120,000 came from donations from others to his campaign. Jindal, by comparison, reports around $7.5 million. However, Jindal has raised money from a greater number of donors.
Adedeji Adeleke, is now officially 2× richer than Cristiano Ronaldo‼️😳 He is now boasting an estimated net worth of $2.5 billion, while CR7 sits at $1 billion The Adeleke family's wealth is no small matter oh! It's the kind of fortune that will echo through generations, lasting well beyond their grandchildren.
The Jenkins family built and own part of Florida-based Publix Super Markets, which operates 1,360 grocery stores in eight southeastern states. Publix is the largest employee-owned company in the U.S.; employees and former employees own an estimated 80% and Jenkins family members own the rest.
Demoulas has a net worth of $3.3 billion and is ranked among the 50 richest people in America. 💰 With that kind of wealth, maybe it's time for him to open his own chain of supermarkets and put an end to all the family drama once and for all.
He attended the University of Maine in Orono, where he was a defenseman on the hockey team, and later transferred to Babson College, graduating in 1985 with a business degree. He worked at Demoulas Super Markets until 1990, rising to assistant produce director of the chain.
