Market Basket

Market Basket
4:12 pm
Fri December 12, 2014

Arthur T. Demoulas Completes Purchase Of Market Basket

Credit Ella Nilsen / NHPR

A tumultuous year for Market Basket is coming to an end with Arthur T. Demoulas formally in charge of the company.

Demoulas and his family announced Friday that they have completed the purchase of the 50.5 percent of the company that was controlled by his cousin. Demoulas offered $1.6 billion in the buyout proposal in August.

Other details of the deal weren't disclosed.

The nearly century-old supermarket chain based in Tewksbury, Massachusetts, has 73 stores in Massachusetts, New Hampshire and Maine.

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Market Basket
11:26 am
Wed September 10, 2014

Hassan, 'Artie T.' Praise Market Basket Workers In Londonderry

Credit AP Photo/Elise Amendola

The morning after officially kicking off her campaign for re-election, Governor Maggie Hassan joined Market Basket CEO Arthur T. Demulous in Londonderry to thank workers for their dedication.

Calling Market Basket a “New Hampshire institution,” Hassan said the company exemplifies fair treatment and respect for employees.

“Your efforts all summer were a heartening display of dedication, of loyalty, and really what’s possible when people come together,” she said.

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Market Basket
2:14 pm
Sun September 7, 2014

Recovery Begins At Market Basket Stores

Credit Ella Nilsen / NHPR

Market Basket is looking to new customers as well as old as it begins its recovery from a six-week employee walkout and customer boycott.

Store managers of the New England supermarket chain say they are seeing a lot of new faces in the food aisles since the board of directors agreed to sell the company to its ousted leader, Arthur T. Demoulas.

Employees have been working around the clock to restock store shelves. Managers say they expect to be nearly fully stocked this weekend.

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Market Basket
3:07 pm
Fri September 5, 2014

Market Basket Turmoil Hurt U.S. Jobs Numbers Last Month

Credit Wikimedia Commons, User Rlaferla

The turmoil at Market Basket actually dragged down U.S. jobs numbers last month.  

In the August jobs report issued Friday by the Bureau of Labor Statistics, “employment disruptions at a grocery store chain in New England” is cited as having an impact on food and beverage employment numbers nationwide.

The sector saw a job loss of 17,000 last month.

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Market Basket
4:00 pm
Fri August 29, 2014

How The Market Basket Deal Works: No Risk, No Reward

A plaque with the Blackstone Group logo is photographed Monday, Aug. 13, 2007 at its headquarters in New York.

Originally published on Fri August 29, 2014 9:46 am

How does a deal like the $1.5 billion buyout of Market Basket work? What did it take Arthur T. Demoulas to gain total control of the 71-store supermarket chain from warring relatives? It was complicated — from start to finish.

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Market Basket
3:32 pm
Thu August 28, 2014

Financial Questions Linger As Market Basket Customers, Workers Return

This sign thanking customer was put up outside the Hooksett Market Basket Thursday.
Credit NHPR / Michael Brindley

The long road back to normal began at Market Baskets across New Hampshire Thursday.

A deal was signed late Wednesday night to sell the majority shares of the company to former CEO Arthur T. Demoulas for more than $1.5 billion.

Since his ouster in late June, workers have protested, customers have boycotted, and sales have plummeted.

In Hooksett, walking into a Market Basket for the first time in more than a month, Alicia Smith of Allenstown couldn’t help but let out a cheer.

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The Exchange
9:00 am
Thu August 28, 2014

What The Market Basket Protests Mean For The Future Of Labor Unions

Credit Joe Topichak / Flickr/CC

This supermarket standoff has attracted national attention for its unlikely coalition of customers, workers, managers, and suppliers organizing against top executives, while traditional unions have been on the sidelines. We're looking at how these events fit into the changing landscape of organized labor, and where unions may be headed next.

  GUESTS:

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Market Basket
11:51 pm
Wed August 27, 2014

Gov. Hassan Praises Market Basket Deal That Reinstates Arthur T. Demoulas

Governor Maggie Hassan talks with workers at Market Basket in Concord
Credit Brady Carlson/NHPR

Governor Maggie Hassan praised a deal reached late Wednesday night that has former CEO Arthur T. Demoulas taking majority control of the embattled grocery chain.

In the deal announced by Market Basket’s shareholders, Demoulas purchased the company for more than $1.5 billion.

It brings to an end an epic family feud that brought the New England grocery chain to its knees.

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Business and Economy
8:02 am
Wed August 27, 2014

Market Basket Standoff Hits 40-Day Mark

Credit Ella Nilsen / NHPR

In several theologies, including the Greek Orthodox faith of the Demoulas family who own Market Basket, 40 days and 40 nights is symbolic for a prolonged period of trial and suffering.

This story originally published by WBUR.

“This is evil,” said Cheri Nolan who is a general manager at Andover’s Indian Ridge Country Club, which Market Basket owns. “They just want to destroy the company. In my opinion, they are evil.”

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Business and Economy
9:54 am
Tue August 26, 2014

Market Basket Employee Files Complaint With National Labor Relations Board

Market Basket employees protest in Tewksbury Monday.

Originally published on Tue August 26, 2014 10:05 am

Market Basket employee Karen Bostwick, of Tewksbury, has filed a charge with the National Labor Relations Board, contending current Market Basket management is “violating the right to picket and strike.”

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NH News
4:26 pm
Mon August 25, 2014

Nearly 1,500 Market Basket Employees Filed For Unemployment

Credit Ella Nilsen / NHPR

Nearly 1,500 Market Basket workers have applied for unemployment benefits since the company stopped giving hours to part-time employees earlier this month.

New Hampshire Employment Security Commissioner George Copadis says claims are still coming in as the department figures out which employees are eligible.

“Over the weekend things have pretty much leveled off. We were at 1,445 on Friday and we’ve only picked up 20 since then.”

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Market Basket
1:16 pm
Sat August 23, 2014

No Deal Yet For Market Basket

A sign supporting Arthur T. outside a Market Basket in Concord, NH
Credit Rebecca Lavoie for NHPR

The family feud that has brought the Market Basket supermarket chain to its knees may be nearing its end.

Ousted CEO Arthur T. Demoulas has reportedly made a $1.5 billion offer to buy out the part of the company controlled by his rival cousin, Arthur S. Demoulas, and his allies on the board.

The board was scheduled to meet Sunday but the meeting was called off due to disagreements over some terms of the sale.

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Market Basket
4:52 pm
Fri August 22, 2014

Arthur T. Demoulas Submits Final Market Basket Bid

Market Basket in Somerville.

Originally published on Mon August 25, 2014 9:14 am

The bitter five-week standoff that has cost thousands of Market Basket workers their jobs and prompted a customer boycott may be drawing to a close.

Ousted Market Basket CEO Arthur T. Demoulas submitted a final offer to buy his family’s grocery chain on Friday. The details of the offer have not been made public.

A Market Basket representative says the board is scheduled to meet Sunday or early next week to discuss his final bid.

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Market Basket
4:34 pm
Wed August 20, 2014

N.H. Market Basket Vendors Pull Out In Support Of Workers

Shopping carts are arranged forming the letters ATD in the parking lot of a Market Basket Supermarket in North Andover, Mass., Monday, Aug. 11, 2014, in support of former CEO Arthur T. Demoulas.
Credit AP Photo/Elise Amendola

Some New Hampshire food and beverage vendors who supply Market Basket's shelves say they're backing workers by no longer selling products to the beleaguered grocery chain.

Moonlight Meadery of Londonderry makes honey wine, and the company's founder, Michael Fairbrother, says Market Basket was his biggest retail client, accounting for about one-third of sales. 

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Market Basket
8:40 am
Mon August 18, 2014

Governors Hassan, Patrick Working To Broker Market Basket Deal

Credit Val D'Aquila via Flickr CC

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."

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