- Associated Press - Saturday, October 25, 2014

BOSTON (AP) - A New England supermarket chain that was nearly brought to its knees by a feud among owners and a revolt by workers is quickly putting the turmoil behind it.

Ousted CEO Arthur T. Demoulas returned to Market Basket after making an offer of more than $1.6 billion in late August to buy out the part of the company controlled by his cousin.

Now the chain is getting back on track.

A new Market Basket store that opens its doors Sunday in Revere, Massachusetts, is one of five that’ll be opening over the next several months.

Market Basket operations manager David McLean tells The Boston Globe (http://bitly.com/1yylfch ) that “business has been healthy.” Additional stores are opening in Littleton in November, Waltham in December, Attleboro and Athol in early 2015.

___

Information from: The Boston Globe, http://www.bostonglobe.com

LOAD COMMENTS ()

 

Click to Read More

Click to Hide