Market Basket CEO Pens Thank You Letter | NECN

Market Basket CEO Pens Thank You Letter

Market Basket CEO Arthur T. Demoulas thanked customers, employees and vendors in a letter that appeared in several area newspapers on Thursday

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    Market Basket CEO Pens Thank You Letter
    Kristen Brown
    The storefront sign at the Market Basket in Leominster, Massachusetts.

    Market Basket CEO Arthur T. Demoulas thanked customers, employees and vendors in a letter that appeared in several area newspapers on Thursday.

    The letter, which appeared in the Boston Globe, Lowell Sun and other publications, thanks those who supported Demoulas and the store's employees.

    "We are humbled and grateful for everything you have done and the sacrifices you have made to fight for and preserve our company's business model and reputation," Demoulas said in the letter. "Over the past two months, our fortitude was tested daily, but it was your incredibly display of faith and belief in the Market Basket philosophy that constantly gave us strength to perservere. Your actions became and inspiration of hope to people everywhere, and because of this, Market Basket will be back even stronger than ever!"

    The letter goes on to single out Market Basket's customers, its associates, and its vendors and business partners, and says the company looks forward to serving local families "for many years to come."

    Market Basket's board of directors fired Arthur T. Demoulas and two other top executives on June 23. On July 15, executives at the company's headquarters in Tewksbury, Massachusetts, started calling for the ex-CEOs reinstatement. More than 2,000 employees rallied outside of Market Basket's headquarters on July 18, and the company fired eight employees who led the demonstration two days later. The rallies spread to the stores the next day, and continued at stores and headquarters for weeks until the board eventually agreed to sell the company to Demoulas.

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