Market Basket CEO Takes Leave Amid Latest Family Feud at Supermarket Chain: What It Means for Shoppers

A fresh wave of drama is rocking Market Basket, the beloved grocery chain in New England. The company’s board has put CEO Arthur T. Demoulas on leave, echoing a past crisis from nearly a decade ago when a similar attempt to oust him was blocked by a historic employee strike.

The board’s decision this time revolves around concerns about Demoulas’s management choices. They allege he has been plotting a work stoppage and has resisted collaborating on a new succession plan, which they argue undermines necessary oversight.

Market Basket, known for its quality products and affordable prices, has a rich history dating back to 1917. It was founded by Greek immigrant Athanasios "Arthur" Demoulas, and has since expanded to over 90 locations across Massachusetts, New Hampshire, and Maine.

The ongoing family conflict surrounding the supermarket chain dates back decades. Two of Arthur Demoulas’s sons, in particular, have been locked in a bitter feud, which included a notable courtroom altercation in the 1990s.

According to a recent survey from the National Retail Federation, grocery store loyalty remains high among customers; 76% of shoppers say they would choose a favorite grocery chain based on their prices and service. This loyalty was evident in 2014 when customers rallied behind Demoulas against the board’s attempt to remove him, leading to boycotts and worker strikes.

Arthur T. Demoulas’s spokesperson has denounced the board’s claims, calling them a ruse for a "hostile takeover." The spokesperson also highlighted that the company is currently thriving financially.

This isn’t just a business issue; it’s personal. The Demoulas family’s internal disputes often make headlines, showcasing a saga of trust issues and power struggles. It all harks back to 2014, when Arthur S. Demoulas briefly succeeded in removing Arthur T. Demoulas from his CEO position, creating chaos that resulted in significant employee protests.

In this latest chapter, the board insists their actions won’t affect ownership or employee benefits, including profit-sharing plans. Yet the situation remains tense, as many wonder how this power struggle will impact Market Basket’s loyal customer base.

For more insights on Market Basket’s history and its implications for the community, you can check out sources like WBUR and NPR.

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