Overview
- Talks start today in Delaware and could run a second day, with both sides voicing hopes for a “mutually successful resolution,” according to statements.
- Arthur T. Demoulas has been on paid leave since May after the board alleged he planned a work stoppage and asserted unilateral succession rights, which he denies as a hostile takeover.
- Law firm Quinn Emanuel is leading the internal probe, with findings withheld pending the mediation at the company’s request.
- Two Demoulas allies, Joe Schmidt and Tom Gordon, were fired and later ordered by a judge to stay away from company sites, while pro‑Demoulas director Bill Shea was removed as employee letters painted contrasting pictures of workplace culture.
- Family ownership is split, with Demoulas’s three sisters controlling roughly 60% and the board and Demoulas holding about 28%, and outcomes discussed in coverage range from a time‑limited return to a leadership change if talks fail.