The governors of Massachusetts and New Hampshire are stepping up efforts to broker a deal to bring the Market Basket standoff to an end.
Massachusetts Gov. Deval Patrick and New Hampshire Gov. Maggie Hassan actively participated in negotiations Sunday with feuding cousins Arthur T. Demoulas and Arthur S. Demoulas as well as several other shareholders.
The grocery store chain has 71 stores, all but one in Massachusetts and New Hampshire.
A Patrick spokeswoman says the "the parties have made real progress" and are encouraged that a "resolution may be within reach."
The upscale grocer Whole Foods, which is based in Texas with close to 400 stores around the country, opens its first New Hampshire location on Tuesday in Nashua.
The food business has its share of troubles in New Hampshire. Market Basket’s labor protests are keeping shelves empty and customers away. And last year, Shaw’s closed many of its stores, and Stop & Shop pulled out of the state altogether.
But despite these struggles and competition from big-box retailers or local farm stands, Whole Foods is betting on consumer demand for natural and organic.
New Hampshire’s unemployment rate remained unchanged last month, at 4.4 percent. At the same time last year, it was 5.2 percent. But the state’s Employment Security office reports the number of Granite Staters in the workforce shrank by 2,550 people from June. And 310 more people were unemployed. Nationally, the jobless rate went up slightly, to 6.2 percent.
The former CEO of the Market Basket supermarket chain who is attempting to regain control of the company from relatives says "onerous" terms are preventing him from buying a controlling share from those family members.
Arthur T. Demoulas said in a statement issued by a spokeswoman Sunday that his offers to buy the company "have been rejected, not on the basis of price, but with counterproposals that have been laden with onerous terms that are far beyond comparable transactions."
Demoulas was fired in June by a board controlled by his rival cousin, Arthur S. Demoulas.
Originally published on Mon August 4, 2014 9:14 am
As the standstill surrounding the supermarket chain Market Basket enters its third week, the store is following through with its plan to hold job fairs — first to entice existing Market Basket employees to apply for higher positions, and then for the general public.
Happy campers produce more than beaded wallets and macramé planters. They also generate millions in revenue, payroll and taxes.
At last count there were 289 youth summer camps in New Hampshire, contributing $317 million to the state’s economy and supporting 4,400 jobs with $128 million in total payroll, according to a 2011 report issued by the American Camps Association of New England.
The shelves are bare at many of the 71 Market Basket locations from Massachusetts to Maine as the public battle over the future of the supermarket chain shows no sign of slowing.
Defiant workers gathered outside the company’s distribution center in Tewksbury today, demanding the reinstatement of ousted CEO Arthur T. Demoulas and demonstrating their contempt for anyone who hasn’t taken up the cause.