Market Basket Chief Reflects, Looks Ahead
The chief of the Market Basket supermarket chain says the company's 71 stores have already accomplished a remarkable turnaround thanks to employees who worked day and night to restock shelves left empty by a worker revolt in his support.
Arthur T. Demoulas is back in control after offering more than $1.5 billion to buy shares of the private company from rival relatives who had fired him.
His ouster led to worker walkouts and customer boycotts that brought the chain to a standstill.
He tells The Boston Globe sales are already at 100 percent of where they were last year.
And while new debt might slow expansion, it will not change the discount pricing that's won loyalty from customers in Massachusetts, New Hampshire and Maine.
He says he's ``happy just being a grocer.''