Business

Market Basket celebrates the opening of its new supermarket in Revere

File photo: Jonathan Wiggs/Globe Staff
The new Market Basket in Revere.

Market Basket, the Tewksbury-based grocery chain that nearly ground to a halt over the summer as a result of a family feud, held a ribbon-cutting ceremony to mark the recent opening of its new 80,000-square-foot store in Revere.

With the opening, the chain has 72 supermarkets open for business, and several more new stores are scheduled to open over the next few months, Market Basket operations manager David McLean said during a telephone interview. The Revere store is expected to have roughly 475 full- and part-time employees.

The largest location in the chain is a 130,000-square-foot store in Chelsea, said McLean, adding that many of Market Basket’s newer stores range in size from 60,000 to 77,000 square feet.

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One prominent feature in the Revere store is a full-service meat case with offerings that include Angus certified beef, McLean said.

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In June, Arthur T. Demoulas was fired as president by a board controlled by his cousin, Arthur S. Demoulas. Many employees then refused to work in solidarity with their ousted leader, shutting down the company’s distribution network in an extraordinary revolt that drew national attention for much of the summer. One consequence of that revolt was that Market Basket had to put new store openings on hold.

Arthur T. was reinstated to the management ranks on Aug. 28, after reaching an agreement to buy the 50.5 percent of Market Basket owned by Arthur S. and other relatives for $1.6 billion.

In a statement, Revere Mayor Daniel Rizzo said: “It has been a long, hard road to get our own Revere Market Basket open for our residents, but I’m sure it will all be worth the wait. We have always believed, and continue to believe that bringing Market Basket to Revere will serve as a catalyst towards future economic development in the Northgate area of our community. I look forward to working with Mr. [Arthur T.] Demoulas and his very capable team at Market Basket for many years to come. This opening and other planned openings and groundbreakings across the city are consistent with our goal of making Revere a great place to live, work, and raise a family.”

Chris Reidy can be reached at reidy@globe.com.