Demoulas Super Markets, Inc.
Demoulas Super Markets, Inc.'s email is contact@mydemoulas.net
and
Demoulas Super Markets, Inc.'s phone number is (978) 640-8374
.
George Demoulas died of a heart attack in 1971 while vacationing in Greece, making Mike the sole head of the DeMoulas supermarket chain. Although each brother had promised to provide for the other’s family in the event of his death, a lawsuit filed in 1990 by the heirs of George Demoulas claimed that Mike had defrauded them out of all but 8% of company stock by moving assets into shell companies, such as ‘Market Basket Inc.’ and ‘Seabrook Sales Inc.’ and claiming that these were separate companies from DeMoulas itself. The ensuing legal cases threatened to require the sa...
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George Demoulas died of a heart attack in 1971 while vacationing in Greece, making Mike the sole head of the DeMoulas supermarket chain. Although each brother had promised to provide for the other’s family in the event of his death, a lawsuit filed in 1990 by the heirs of George Demoulas claimed that Mike had defrauded them out of all but 8% of company stock by moving assets into shell companies, such as ‘Market Basket Inc.’ and ‘Seabrook Sales Inc.’ and claiming that these were separate companies from DeMoulas itself. The ensuing legal cases threatened to require the sale of the chain, most likely to Royal Ahold’s Stop & Shop. In 1994, Judge Maria Lopez ruled that Mike Demoulas had defrauded George’s family out of nearly $500 million, transferring 51% of Demoulas’ stock to George’s family. Mike Demoulas died in 2003 at age 82 and is buried in Andover, Massachusetts. In March 2006, Boston Magazine rated George’s son, Arthur S. Demoulas, as Boston’s eighth wealthiest person, with assets of $1.6 billion. He was not listed in the Forbes 2008 edition. In early 2008, the board of directors elected Arthur T. Demoulas president of the corporation.
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Website | shopmarketbasket.com | |
Industry | Retail | |
Location | Tewksbury, Massachusetts, United States | |
Employees | 810 |
Phone | (978) 640-8374 | |
contact@mydemoulas.net | ||
Competitors | Walmart, Target, Starbucks, Lowe's Companies, Inc., The Home Depot, Walgreens, |
Website | shopmarketbasket.com | |
Industry | Retail | |
Location | Tewksbury, Massachusetts, United States | |
Employees | 810 | |
linkedin.com/company/demoulas-supermarket | ||
Phone | (978) 640-8374 | |
contact@mydemoulas.net |
Top Competitors for Demoulas Super Markets, Inc.
Demoulas Super Markets, Inc. Questions
Where are Demoulas Super Markets, Inc.'s headquarters?
Demoulas Super Markets, Inc.'s headquarters are in
What is Demoulas Super Markets, Inc.'s phone number?
Demoulas Super Markets, Inc.'s phone number is (978) 640-8374
What is Demoulas Super Markets, Inc.'s official website?
Demoulas Super Markets, Inc.'s website is shopmarketbasket.com
How many employees are working in Demoulas Super Markets, Inc. right now?
Demoulas Super Markets, Inc. has
810 employees.
View the Email and Phone Numbers for all 810 working at Demoulas Super Markets, Inc..
What is Demoulas Super Markets, Inc.'s industry?
Demoulas Super Markets, Inc.'s industry is
Retail
Who are Demoulas Super Markets, Inc.'s top competitors?
Demoulas Super Markets, Inc.'s top competitors are
Walmart
,
Target
,
Starbucks
,
Lowe's Companies, Inc.
,
The Home Depot
,
Walgreens
What is Demoulas Super Markets, Inc.'s email address?
Demoulas Super Markets, Inc.'s email address is contact@mydemoulas.net
What are Demoulas Super Markets, Inc.'s categories?
Demoulas Super Markets, Inc.'s categories are -
What is Demoulas Super Markets, Inc.'s location?
Demoulas Super Markets, Inc.'s location is
Tewksbury, Massachusetts, United States
What is Demoulas Super Markets, Inc.'s current status?
Demoulas Super Markets, Inc.'s current status is operating