Hi 13° | Lo -11°

Artie T. to return to Market Basket after striking deal

Market Basket should be returning to normal operations, as Arthur T. Demoulas announced yesterday via a spokeswoman that he and his sisters have entered an agreement to purchase the majority shares owned by his cousin, Arthur S. Demoulas and his family.

Effective immediately, Arthur T. will be returning to Market Basket with control of day-to-day operational authority; with him, the striking warehouse workers will return to work as well, according to the statement. While the close of the sale is pending the current co-CEOs, Felicia Thornton and Jim Gooch will remain in place as CEOs. The closing is expected to occur in the next several months.

Rindge Store Manager Bill Dube said Thursday he has started to contact laid-off part-timers to invite them back to work, and is expecting to be back to full staff by the end of the weekend as customers return to the store. Dube is expecting grocery deliveries today and tomorrow, including some perishables, which the store has been sorely lacking in the past few weeks. However, it may take between two and four weeks before the store is once again back to the full stock customers are used to while the warehouses get back on track, Dube said.

Legacy Comments0
There are no comments yet. Be the first!
Post a Comment

You must be registered to comment on stories. Click here to register.