The three sisters of the sidelined Market Basket CEO have removed longtime board member Bill Shea in an escalating battle ...

Discover basket trading – a diversified investment strategy. Learn its definition, concept, components, execution, pros, cons ...

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Joe Schmidt, the director of operations, and another suspended employee, grocery supervisor Tom Gordon, were fired Tuesday, Arthur T. Demoulas said in a statement. The post Market Basket fires two ...

As Market Basket navigates this governance crisis, it underscores the need for family businesses to balance family interests with robust corporate governance to ensure long-term stability and success.

The Executive Committee of the Market Basket Board of Directors today placed CEO and minority shareholder Arthur T. Demoulas and several other employees on paid administrative leave, effective ...

Market Basket Director of Operations Joe Schmidt, center, with CEO Arthur T. Demoulas’ children Telemachus Demoulas, left, and Madeline Demoulas at the new store on Old Ferry Road in Lowell in 2020.

Honk for Arthur T!” When Concord’s third and newest Market Basket opened in Penacook in 2022, the popular CEO paid a visit. Patnode was there, too.

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.

From the outside, things have never looked better for Market Basket, that family-owned supermarket chain that’s the envy of its grocery peers. The Tewksbury-based company, which operates 90 ...