The memo from the board was sent to Market Basket employees and management, and it assured them that operations would continue as normal.

“Market Basket is a place that our local communities consistently count on for their daily needs and their livelihoods – actions from the top that put that at risk would harm Market Basket and its customers, vendors, and you, our valued associates. We are seeking to avoid that and ensure our business and culture remain intact. During this time, the Board will rely on the existing dedicated management team to ensure that the operations of Market Basket will maintain the quality and superb service that customers expect and enjoy,” the memo stated, according to WCVB.

The news about Demoulas comes just over a decade after he was terminated from his position in 2014, when his cousin, Arthur S. Demoulas, took over the company. Demoulas’ initial firing led to worker-led protests and customer boycotts demanding that the company overturn his firing, as he had brought many positive things to the New England community, according to a 2014 article from Massive.

Market Basket

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