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Former CEO buys Market Basket for $1.5 billion
Tewksbury, Mass. – In what should mark the end of a six-week standoff that began July 18, Arthur T. Demoulas, who was fired by his cousin Arthur S. Demoulas as CEO of the Market Basket supermarket chain in June, has agreed to buy the company for $1.5 billion. Since Friday, July 18, many Market Basket employees and customers have staged a boycott, dramatically slowing down business at the company’s 71 stores in Massachusetts, New Hampshire and Maine.
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Specialty Running Group names RunOn founder as senior advisor
Denver - The Running Specialty Group, part of The Finish Line Inc. organization, has appointed Bob Wallace as senior advisor, strategic initiatives. Wallace founded specialty running retail chain RunON, which Running Specialty Group purchased in 2012.
Wallace will serve as a key counselor to strategically plan and integrate growth opportunities surrounding industry trends while focusing on attaining operational excellence and being an ambassador to the running community. He entered the specialty running business in 1995.
