Arthur T. Demoulas, ousted in May of 2025 as CEO of Market Basket, will not appeal Delaware court ruling that the Board of Directors acted properly in removing him.
However, a statement released late Tuesday morning by spokesperson Justine Griffin indicates the man who helped grow the family supermarket chain into national prominence, is not giving up the fight to “right what has gone so wrong here.” (statement published in its entirety below)
Demoulas’ removal sent shockwaves through the region and beyond, leading to the removal of other key members of the Market Basket leadership team and leading to suits and countersuits that played out into the current year.
While not yet indicated what those may be, In the end, the man known commonly as Artie T. decided to pursue other avenues.
“A year ago, Arthur T. Demoulas, his family, and his team were unceremoniously tossed out of the company that has been the life work of Arthur and his father before him. The removal was orchestrated by Arthur’s three sisters and their handpicked Board members. We told you at the time that this was a coup, and as it unfolded, people have now seen it was exactly that. The Delaware Chancery Court ruled on the narrow issue that was before it – that the Board had the authority to remove him. Mr. Demoulas disagrees vehemently with that decision. But continuing to fight about the future of Market Basket in courts that overwhelmingly favor decisions made by a Board of Directors, is not in the best interests of the company, the Associates, or the loyal customers. Mr. Demoulas has decided not to appeal the ruling. It is simply not the right forum to resolve the broader issues at stake. Mr. Demoulas will continue in his efforts to set right what has gone so wrong here.” – Justine Griffin, spokesperson for Arthur T. Demoulas


