“Factions of the super-rich Demoulas family, divided by bitter claims of fraud and deceit, are battling each other over ownership rights of their huge supermarket empire.”
You’ve probably seen other stories that start like that. Frankly, it sounds like a broken record by now.
But I wrote those words in a story introducing readers to the feuding Demoulas family in the Herald — on July 25, 1991. Back then, the news was fresh as a juicy melon. It was the first time the outrageous food fight between two factions of the Demoulas family spilled into public view, a decent business-story scoop, if I say so myself.
Today, I could write a new Demoulas story that started with the same words and it would still capture the current state of affairs. That includes the latest bizarre chapter.
In case you missed it, last week one side of the family ousted the other from control of the empire that owns Market Basket supermarkets and other businesses. Arthur T. Demoulas was out and his nemesis cousin, Arthur S. Demoulas, named hand-picked executives to replace him. That outcome had seemed likely, if not inevitable, ever since one director on the company’s six-member board switched allegiances a year ago.
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