Demoulas Brothers
Encyclopedia
The Demoulas Brothers were the founders of DeMoulas Supermarkets, later known as Market Basket, a grocery market chain in eastern New England
. It has stores from central New Hampshire
to Bristol County, Massachusetts
with headquarters in Tewksbury, Massachusetts
.
, were two out of the six children born to Greek immigrants, Athanasios ("Theoni") Demoulas and Efrosine Soulis, originally from Kalambaka, a small village north of Athens. The brothers founded the chain in the early 1950s when they bought their parents' mom and pop-style store in Lowell, Massachusetts
for $15,000 and converted it into a modern supermarket with lower prices than their competitors'. The business has grown considerably. As of 2004, it ranked number 210 as the World’s Largest Family businesses. Member of the board of directors, Arthur S. Demoulas was rated Boston's 8th wealthiest person in March 2006 with assets of $1.6 billion.
In 1948 Mike married Irene Psoinos and had four children: Frances (1950), Glorianne (1952), Arthur T. (1955), and Caren (1959). In 1953 George married Evanthea Koukias and they too had four children: Foteini (born in 1954), Evan (1955), Diana (1956) and Arthur S.(1958). In 1971 George died suddenly of a heart attack while vacationing with his family in Greece
; he was only 51 years old at the time. At the time of George's death, the two sides of the Demoulas family owned an equal number of shares in the company, but George's family claims that that changed with the death of their father in 1971. Since then both families have been in legal disputes over the business.
The Demoulas Brothers were the founders of DeMoulas Supermarkets, later known as Market Basket, a grocery market chain in eastern New England
. It has stores from central New Hampshire
to Bristol County, Massachusetts
with headquarters in Tewksbury, Massachusetts
.
, were two out of the six children born to Greek immigrants, Athanasios ("Theoni") Demoulas and Efrosine Soulis, originally from Kalambaka, a small village north of Athens. The brothers founded the chain in the early 1950s when they bought their parents' mom and pop-style store in Lowell, Massachusetts
for $15,000 and converted it into a modern supermarket with lower prices than their competitors'. The business has grown considerably. As of 2004, it ranked number 210 as the World’s Largest Family businesses. Member of the board of directors, Arthur S. Demoulas was rated Boston's 8th wealthiest person in March 2006 with assets of $1.6 billion.
In 1948 Mike married Irene Psoinos and had four children: Frances (1950), Glorianne (1952), Arthur T. (1955), and Caren (1959). In 1953 George married Evanthea Koukias and they too had four children: Foteini (born in 1954), Evan (1955), Diana (1956) and Arthur S.(1958). In 1971 George died suddenly of a heart attack while vacationing with his family in Greece
; he was only 51 years old at the time. At the time of George's death, the two sides of the Demoulas family owned an equal number of shares in the company, but George's family claims that that changed with the death of their father in 1971. Since then both families have been in legal disputes over the business.
The Demoulas Brothers were the founders of DeMoulas Supermarkets, later known as Market Basket, a grocery market chain in eastern New England
. It has stores from central New Hampshire
to Bristol County, Massachusetts
with headquarters in Tewksbury, Massachusetts
.
, were two out of the six children born to Greek immigrants, Athanasios ("Theoni") Demoulas and Efrosine Soulis, originally from Kalambaka, a small village north of Athens. The brothers founded the chain in the early 1950s when they bought their parents' mom and pop-style store in Lowell, Massachusetts
for $15,000 and converted it into a modern supermarket with lower prices than their competitors'. The business has grown considerably. As of 2004, it ranked number 210 as the World’s Largest Family businesses. Member of the board of directors, Arthur S. Demoulas was rated Boston's 8th wealthiest person in March 2006 with assets of $1.6 billion.
In 1948 Mike married Irene Psoinos and had four children: Frances (1950), Glorianne (1952), Arthur T. (1955), and Caren (1959). In 1953 George married Evanthea Koukias and they too had four children: Foteini (born in 1954), Evan (1955), Diana (1956) and Arthur S.(1958). In 1971 George died suddenly of a heart attack while vacationing with his family in Greece
; he was only 51 years old at the time. At the time of George's death, the two sides of the Demoulas family owned an equal number of shares in the company, but George's family claims that that changed with the death of their father in 1971. Since then both families have been in legal disputes over the business.
New England
New England is a region in the northeastern corner of the United States consisting of the six states of Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut...
. It has stores from central New Hampshire
New Hampshire
New Hampshire is a state in the New England region of the northeastern United States of America. The state was named after the southern English county of Hampshire. It is bordered by Massachusetts to the south, Vermont to the west, Maine and the Atlantic Ocean to the east, and the Canadian...
to Bristol County, Massachusetts
Bristol County, Massachusetts
-Demographics:As of the census of 2000, there were 534,678 people, 205,411 households, and 140,706 families residing in the county. The population density was 962 people per square mile . There were 216,918 housing units at an average density of 390 per square mile...
with headquarters in Tewksbury, Massachusetts
Tewksbury, Massachusetts
Tewksbury is a town in Middlesex County, Massachusetts, United States. The population was 28,961 at the 2010 census.- History :Tewksbury was first settled in 1637 and was officially incorporated in 1734 from Billerica. Like Tewksbury Township, New Jersey, it is named after the town of Tewkesbury,...
.
Early years
Telemachus ("Mike") Demoulas (b. October 10, 1920 - d. May 24, 2003) and George A. Demoulas (b. 1919 - d. June 27, 1971) in Lowell, MassachusettsLowell, Massachusetts
Lowell is a city in Middlesex County, Massachusetts, USA. According to the 2010 census, the city's population was 106,519. It is the fourth largest city in the state. Lowell and Cambridge are the county seats of Middlesex County...
, were two out of the six children born to Greek immigrants, Athanasios ("Theoni") Demoulas and Efrosine Soulis, originally from Kalambaka, a small village north of Athens. The brothers founded the chain in the early 1950s when they bought their parents' mom and pop-style store in Lowell, Massachusetts
Lowell, Massachusetts
Lowell is a city in Middlesex County, Massachusetts, USA. According to the 2010 census, the city's population was 106,519. It is the fourth largest city in the state. Lowell and Cambridge are the county seats of Middlesex County...
for $15,000 and converted it into a modern supermarket with lower prices than their competitors'. The business has grown considerably. As of 2004, it ranked number 210 as the World’s Largest Family businesses. Member of the board of directors, Arthur S. Demoulas was rated Boston's 8th wealthiest person in March 2006 with assets of $1.6 billion.
In 1948 Mike married Irene Psoinos and had four children: Frances (1950), Glorianne (1952), Arthur T. (1955), and Caren (1959). In 1953 George married Evanthea Koukias and they too had four children: Foteini (born in 1954), Evan (1955), Diana (1956) and Arthur S.(1958). In 1971 George died suddenly of a heart attack while vacationing with his family in Greece
Greece
Greece , officially the Hellenic Republic , and historically Hellas or the Republic of Greece in English, is a country in southeastern Europe....
; he was only 51 years old at the time. At the time of George's death, the two sides of the Demoulas family owned an equal number of shares in the company, but George's family claims that that changed with the death of their father in 1971. Since then both families have been in legal disputes over the business.
See also
- DeMoulas' Market BasketDeMoulas' Market BasketDeMoulas Market Basket, more commonly known as Market Basket, is a chain of 66 operating supermarkets in New Hampshire and Massachusetts. It has stores from central New Hampshire to Bristol County, Massachusetts with headquarters in Tewksbury, Massachusetts...
The Demoulas Brothers were the founders of DeMoulas Supermarkets, later known as Market Basket, a grocery market chain in eastern New England
New England
New England is a region in the northeastern corner of the United States consisting of the six states of Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut...
. It has stores from central New Hampshire
New Hampshire
New Hampshire is a state in the New England region of the northeastern United States of America. The state was named after the southern English county of Hampshire. It is bordered by Massachusetts to the south, Vermont to the west, Maine and the Atlantic Ocean to the east, and the Canadian...
to Bristol County, Massachusetts
Bristol County, Massachusetts
-Demographics:As of the census of 2000, there were 534,678 people, 205,411 households, and 140,706 families residing in the county. The population density was 962 people per square mile . There were 216,918 housing units at an average density of 390 per square mile...
with headquarters in Tewksbury, Massachusetts
Tewksbury, Massachusetts
Tewksbury is a town in Middlesex County, Massachusetts, United States. The population was 28,961 at the 2010 census.- History :Tewksbury was first settled in 1637 and was officially incorporated in 1734 from Billerica. Like Tewksbury Township, New Jersey, it is named after the town of Tewkesbury,...
.
Early years
Telemachus ("Mike") Demoulas (b. October 10, 1920 - d. May 24, 2003) and George A. Demoulas (b. 1919 - d. June 27, 1971) in Lowell, MassachusettsLowell, Massachusetts
Lowell is a city in Middlesex County, Massachusetts, USA. According to the 2010 census, the city's population was 106,519. It is the fourth largest city in the state. Lowell and Cambridge are the county seats of Middlesex County...
, were two out of the six children born to Greek immigrants, Athanasios ("Theoni") Demoulas and Efrosine Soulis, originally from Kalambaka, a small village north of Athens. The brothers founded the chain in the early 1950s when they bought their parents' mom and pop-style store in Lowell, Massachusetts
Lowell, Massachusetts
Lowell is a city in Middlesex County, Massachusetts, USA. According to the 2010 census, the city's population was 106,519. It is the fourth largest city in the state. Lowell and Cambridge are the county seats of Middlesex County...
for $15,000 and converted it into a modern supermarket with lower prices than their competitors'. The business has grown considerably. As of 2004, it ranked number 210 as the World’s Largest Family businesses. Member of the board of directors, Arthur S. Demoulas was rated Boston's 8th wealthiest person in March 2006 with assets of $1.6 billion.
In 1948 Mike married Irene Psoinos and had four children: Frances (1950), Glorianne (1952), Arthur T. (1955), and Caren (1959). In 1953 George married Evanthea Koukias and they too had four children: Foteini (born in 1954), Evan (1955), Diana (1956) and Arthur S.(1958). In 1971 George died suddenly of a heart attack while vacationing with his family in Greece
Greece
Greece , officially the Hellenic Republic , and historically Hellas or the Republic of Greece in English, is a country in southeastern Europe....
; he was only 51 years old at the time. At the time of George's death, the two sides of the Demoulas family owned an equal number of shares in the company, but George's family claims that that changed with the death of their father in 1971. Since then both families have been in legal disputes over the business.
See also
- DeMoulas' Market BasketDeMoulas' Market BasketDeMoulas Market Basket, more commonly known as Market Basket, is a chain of 66 operating supermarkets in New Hampshire and Massachusetts. It has stores from central New Hampshire to Bristol County, Massachusetts with headquarters in Tewksbury, Massachusetts...
The Demoulas Brothers were the founders of DeMoulas Supermarkets, later known as Market Basket, a grocery market chain in eastern New England
New England
New England is a region in the northeastern corner of the United States consisting of the six states of Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut...
. It has stores from central New Hampshire
New Hampshire
New Hampshire is a state in the New England region of the northeastern United States of America. The state was named after the southern English county of Hampshire. It is bordered by Massachusetts to the south, Vermont to the west, Maine and the Atlantic Ocean to the east, and the Canadian...
to Bristol County, Massachusetts
Bristol County, Massachusetts
-Demographics:As of the census of 2000, there were 534,678 people, 205,411 households, and 140,706 families residing in the county. The population density was 962 people per square mile . There were 216,918 housing units at an average density of 390 per square mile...
with headquarters in Tewksbury, Massachusetts
Tewksbury, Massachusetts
Tewksbury is a town in Middlesex County, Massachusetts, United States. The population was 28,961 at the 2010 census.- History :Tewksbury was first settled in 1637 and was officially incorporated in 1734 from Billerica. Like Tewksbury Township, New Jersey, it is named after the town of Tewkesbury,...
.
Early years
Telemachus ("Mike") Demoulas (b. October 10, 1920 - d. May 24, 2003) and George A. Demoulas (b. 1919 - d. June 27, 1971) in Lowell, MassachusettsLowell, Massachusetts
Lowell is a city in Middlesex County, Massachusetts, USA. According to the 2010 census, the city's population was 106,519. It is the fourth largest city in the state. Lowell and Cambridge are the county seats of Middlesex County...
, were two out of the six children born to Greek immigrants, Athanasios ("Theoni") Demoulas and Efrosine Soulis, originally from Kalambaka, a small village north of Athens. The brothers founded the chain in the early 1950s when they bought their parents' mom and pop-style store in Lowell, Massachusetts
Lowell, Massachusetts
Lowell is a city in Middlesex County, Massachusetts, USA. According to the 2010 census, the city's population was 106,519. It is the fourth largest city in the state. Lowell and Cambridge are the county seats of Middlesex County...
for $15,000 and converted it into a modern supermarket with lower prices than their competitors'. The business has grown considerably. As of 2004, it ranked number 210 as the World’s Largest Family businesses. Member of the board of directors, Arthur S. Demoulas was rated Boston's 8th wealthiest person in March 2006 with assets of $1.6 billion.
In 1948 Mike married Irene Psoinos and had four children: Frances (1950), Glorianne (1952), Arthur T. (1955), and Caren (1959). In 1953 George married Evanthea Koukias and they too had four children: Foteini (born in 1954), Evan (1955), Diana (1956) and Arthur S.(1958). In 1971 George died suddenly of a heart attack while vacationing with his family in Greece
Greece
Greece , officially the Hellenic Republic , and historically Hellas or the Republic of Greece in English, is a country in southeastern Europe....
; he was only 51 years old at the time. At the time of George's death, the two sides of the Demoulas family owned an equal number of shares in the company, but George's family claims that that changed with the death of their father in 1971. Since then both families have been in legal disputes over the business.
See also
- DeMoulas' Market BasketDeMoulas' Market BasketDeMoulas Market Basket, more commonly known as Market Basket, is a chain of 66 operating supermarkets in New Hampshire and Massachusetts. It has stores from central New Hampshire to Bristol County, Massachusetts with headquarters in Tewksbury, Massachusetts...