Ousted Market Basket CEO Arthur T. wants to buy grocery store chain
The ousted CEO of Market Basket, Arthur T. Demoulas, is hoping to buy his family's grocery store chain. Meanwhile, employees plan to rally on Friday.
The ousted CEO of Market Basket wants to buy his family's grocery store chain as employees continue to protest and call for his reinstatement.
Arthur T. Demoulas wants to buy out his other family members that have ousted him from the company, according to the Globe.
Word of the possible buyout has not persuaded the thousands of protesting workers to cut back on their effort. A massive rally planned for Friday is still scheduled, according to the workers' website.
The rally outside the Tewskbury location is scheduled for 9 a.m. Friday.
"We are in the midst of what will most likely be the biggest and most important cause any of us will ever be a part of," organizers of the workers website 'We are Market Basket' said in a post. "The eyes of the nation are on us as we march forward with unwavering resolve to get [Demoulas] back in charge and put Market Basket back on track."
The walk-off by workers started last week and has left store shelves and displays empty. Some of the protesting workers were fired last weekend.
Currently, Demoulas' cousin, Arthur S. Demoulas, is in charge of the company.
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