Who owns Market Basket?
DeMoulas Super Markets, Inc., under the trade name Market Basket, is a chain of 90 supermarkets in New Hampshire, Massachusetts, Maine, and Rhode Island in the United States, with headquarters in Tewksbury, Massachusetts. Market Basket supermarket stores offer outstanding value on grocery foods including fresh produce, quality meats, delicious bakery goods, and beautiful floral arrangements….
DeMoulas Super Markets, Inc., under the trade name Market Basket, is a chain of 90 supermarkets in New Hampshire, Massachusetts, Maine, and Rhode Island in the United States, with headquarters in Tewksbury, Massachusetts.
Market Basket supermarket stores offer outstanding value on grocery foods including fresh produce, quality meats, delicious bakery goods, and beautiful floral arrangements. We also provide pharmacy services in select grocery store locations
Who owns Market Basket?
On August 27, 2014, the shareholders of Market Basket reached a deal to sell the remaining 50.5% shares of the company to Arthur T. Demoulas and his sisters for $1.5 billion. According to Fortune, Demoulas was backed by The Blackstone Group, a private equity firm that put up over $500 million towards the purchase price. However, according to the Boston Globe, a source reported the deal was funded with debt, not private equity.
As of August 2022, Market Basket operates 87 stores within four states – 51 locations in its home state of Massachusetts, 32 stores in New Hampshire, two stores in Maine, and two stores in Rhode Island. Market Basket remains a privately held company owned by the Thompson and Franz families serving the South East Texas and Louisiana region with 31 full-service supermarkets.
