The Market Basket that New Englanders know and love today began as a small Greek food market in Lowell, Massachusetts, over 100 years ago — but it wasn't always smooth sailing for the Demoulas family.
As Grant Welker of the Boston Business Journal reports, Market Basket began in 1917 as Demoulas Market. It was opened by Athanasios “Arthur” Demoulas, who immigrated from Greece. He is the grandfather of CEO Arthur T., as well as his cousin, Arthur S.
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Over the following decades, the Demoulas family's market weathered the Great Depression, expanded to new heights and was eventually renamed Market Basket. We go in-depth on what's happening behind the scenes at Market Basket after its well-known CEO as placed on admin