Sixty Six Days Later – Market Basket is Back!

The best news EVER hit the airwaves last night after around 10 p.m. or so.

After 66 days of being unable, and unwilling, to shop at our local Demoulas’ Market Basket grocery store because their former beloved CEO, Arthur T. Demoulas, had been fired by the Board of Directors, we now can look forward to doing our next shopping at our own beloved Market Basket here in Salem, MA.

Read the “Saga of Demoulas’ Market Basket” here for the background of this story.

I have been saying all along, mainly to Paul as he is my main audience but also to the dogs, friends, and anyone who will listen, that once Market Basket opens its doors again with a fully-stocked store, they will probably experience a huge increase in customers wanting to shop there. It may be mobbed up there. It’s always been a very busy place, but the way it’s been run, all organized by their beloved leader, Arthur T., the great numbers of customers are not inconvenienced if it’s an especially busy day because they have a long line of registers in every store and all the registers are open and working, unlike so many other big grocery stores that only have a few open registers at any given time.

“I’ve always said, we’re in the PEOPLE business first and in the food business second.”

~Arthur T. Demoulas~

I’ve just listened to Arthur T. speak at the Tewksbury Market Basket for the first time since this all started, back on June 23, 2014. Sixty-six days ago. He was inspiring and heartfelt… I’ve shed a few tears listening to this man who is truly a good person.

“Words cannot express how much I appreciate each and every one of you. Words cannot express how much I miss you, and words cannot express how much I love you. You are simply the best.”

“Seeing you all here today is like a little piece of Heaven on Earth.”

~ Arthur T. Demoulas – Aug. 28, 2014 ~

It’s been suggested Arthur T. be named MAN OF THE YEAR, by whom I don’t know. Time Magazine? Business Weekly? The Wall Street Journal? All of the above, IMO… he IS the Man of the Year – to us and to all his customers, his associates, and his family – which he says includes US all! I heard on the radio last night that this case will be THE teaching case used in Harvard Business School as the way a CEO should run a business. It’s a model of how things should be done. Oxford University also, I believe, will be using this as an example case of this.

The trucks are rolling in with product to be loaded onto the empty shelves and I am confident that our next shopping day, which will be within about 5-7 days now, will be spent at our own local Market Basket here in Salem.

What a wonderful day!

Cheers to the Good Guys,

Bex-the-faithful-customer-&-supporter-of-Market-Basket!

~ ~ ~ ~ ~ ~ ~ ~

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7 Responses to Sixty Six Days Later – Market Basket is Back!

  1. TopsyTurvy says:

    Hooray, Arthur T!

    That’s great, Bex. I’m so glad the people won out.

    Like

  2. Eric Mayer says:

    Great news. It seems so seldom that the good guys win any more and it is even rarer for business men to operate like decent human beings. If only a generation of future CEOS might note that Arthur T is apparently not going bankrupt by running his business responsibly.

    Like

  3. sandy freel says:

    WOW…so happy for him and all the folks that love him…may this all work out well and be back up and running very soon

    Like

  4. beanie says:

    Hooray for the little business survival!

    Like

  5. Bex says:

    Thanks Wendy!

    Bonnie, we don’t know all the details of the agreement but basically they have agreed to sell the remaining 50.5% of the company to Arthur T. for $1.6 billion, which will take a couple of months to complete. In the meantime, he is named as the CEO who is responsible for day-to-day running of the company. Once the sale is finalized (and I imagine that a $1.6 billion transaction has a lot of paperwork involved), it will be Arthur T’s company and the Board can go their own way, hopefully far away from us here in New England!

    From the Boston Globe:
    “Effective immediately, Arthur T. Demoulas is returning to Market Basket with day-to-day operational authority of the company,” the statement said. “All associates are welcome back to work with the former management team to restore the company back to normal operations.

    “The sale agreement, which will take months to formally close, ends a fight so bitter it took the intervention of the governors of Massachusetts and New Hampshire to help the Demoulas family resolve it after nearly a quarter-century.”

    Like

  6. Bonnie says:

    I remember seeing the story online but I wonder if the same Board that fired him is still sitting? That would make it difficult to work.

    Like

  7. WendyNC says:

    I do love a story with a good ending. Congratulations to Market Basket, its employees and its customers.

    Like

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