HOMEPostContact Us
Posted August 14. 2014 1:18PM

How supermarket chain Market Basket imploded from bad investments

Click headline or here to open angled item
To understand why a small north-east supermarket chain is giving Shakespeare a run for his money, you have to go back to an even bigger drama: the US financial crisis in 2008. That’s when Arthur T Demoulas, the scion of the clan that controls Market Basket, joined two trustees in deciding to invest the entirety of the employees’ $46m profit-sharing plan into the preferred stock of Fannie Mae and Freddie Mac.