Sold! Artie T. buy-out of Market Basket complete

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Portraits of Arthur T. DeMoulas are posted inside the Manchester, NH, Market Basket on Elm Street.
File Photo/Carol Robidoux Portraits of Arthur T. DeMoulas were posted inside the Manchester, NH, Market Basket on Elm Street during the “summer of turmoil” in 2014.

MANCHESTER, NH – After a summer of turmoil for the beloved Market Basket family-owned chain supermarket, everything is coming up roses for Arthur “Artie T.” Demoulas, who has purchased the remaining company shares, giving him full ownership.

Boston.com reports the $1.6 billion deal was struck Dec. 12 around 1 p.m.

Market Basket earlier this week issued $49 million worth of holiday bonuses to its workers, and three new Massachusetts store locations — in Revere, Littleton, and Waltham — have launched since August, when the stand-off between Artie T. and his cousin, Arthur S. Demoulas, was settled.

You can read the full story here at Boston.com

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About Carol Robidoux 5552 Articles
Journalist and editor of ManchesterInkLink.com, a hyperlocal news and information site for Manchester, NH.