In a letter posted on Facebook, the chief executive of a major seafood supplier to Market Basket announced that his company was cutting its ties with the grocery chain over disappointment with its management.
In a 1,300-word letter, Boston Sword & Tuna chief executive Tim Malley said his company would stop working with Market Basket after its new management, strained by the walk-off of most of the company’s employees, made several serious blunders in dealing with his company and with Market Basket’s angry workers.
“We think the time has nearly run out for saving this great institution and all those who depend on it,” Malley’s letter said.
Boston Sword & Tuna normally does $10 million in sales to Market Basket every year, Malley said in an interview. Although he expressed disappointment with the company’s co-chief executives, Felicia Thornton and James Gooch, Malley said he felt they were acting at the direction of the company’s board of directors, which is controlled by shareholders led by Arthur S. Demoulas.
The board of directors’ actions, he said, “were just erratic. They didn’t make any sense. They were making themselves just less and less likely to succeed.” In going public, Malley said, “we thought about the other vendors like us that were losing thousands of dollars, and the small people especially.”
A spokesman for Market Basket said the company had worked with Boston Sword and Tuna to try to find a solution, and said the company understood the problems many of its vendors faced by the curtailment of its purchases.