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How a Succession Battle over a Beloved New England Supermarket Empire Turned Ugly

Summary by BizToc
AP Images As Artie T. Demoulas addressed a crowd of hundreds of workers on the lawn of the Market Basket headquarters, he sounded more like a left-wing union organizer than the centimillionaire CEO of a grocery empire. "No one person is better or more important than another," Demoulas said,…

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A billionaire grocery CEO became a New England folk hero. Then his own family pushed him out.

The Demoulas family has fought over Market Basket for decades. The latest power struggle ended with the ouster of longtime CEO Artie T. Demoulas.

·New York, United States
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How a succession battle over a beloved New England supermarket empire turned ugly

AP Images As Artie T. Demoulas addressed a crowd of hundreds of workers on the lawn of the Market Basket headquarters, he sounded more like a left-wing union organizer than the centimillionaire CEO of a grocery empire. "No one person is better or more important than another," Demoulas said,…

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BizToc broke the news on Monday, September 7, 2026.
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