Overview

• Arthur T. Demoulas and two senior executives, including his daughter Madeline and son Telemachus, were placed on paid administrative leave pending the investigation’s outcome.
• The board’s executive committee is examining allegations that Demoulas plotted a work stoppage to retaliate against increased oversight and board involvement in succession planning.
• A spokesperson for Demoulas denounced the move as a “farcical cover” for a hostile takeover and pointed to his December 2024 repayment of $1.6 billion in buyout debt.
• Market Basket has tapped its existing management team to run operations and assured employees and customers that jobs and benefits remain secure.
• Loyal shoppers and employees have recalled the 2014 walkout and customer boycott, with some threatening renewed protests in support of Demoulas.