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Home > Company Index > Retail > Grocery Retailing > Demoulas Super Markets Inc.

Demoulas Super Markets Inc.
 PROFILE
Supermarket or soap opera? Demoulas Super Markets operates almost 60 grocery stores under the Market Basket and Demoulas Super Market names in Massachusetts and New Hampshire. The firm also has real estate interests. The company was founded in 1954 when brothers George and Mike Demoulas bought their parents' mom-and-pop grocery store. The men agreed that, upon one brother's death, the other would care for the deceased's family and maintain the firm's 50-50 ownership. In 1990 George's family alleged that Mike had defrauded them of all but 8% of the company's stock; the 10-year court battle was decided in favor of George's family, giving it 51% of the company. By then Mike had resigned as CEO; the post remains vacant.

 COMPETITION
Hannaford Bros. Co. (dossier)
Shaw's Supermarkets, Inc. (dossier)
The Stop & Shop Companies, Inc. (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 1,800.00
1-Yr. Sales Growth: 0.0%
Employees: 11,000
Revenue per employee: $163,636.36

 KEY PEOPLE
• William J. Shea
    CEO
• Donald Mulligan
    CFO

 CONTACT INFO
875 East St.
Tewksbury, MA 01876
US
Phone: 978-851-8000
Fax: 978-640-8390

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