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Market Basket employees threaten walkout
Tewksbury, Mass. – A group of Market Basket employees known as “Save Market Basket” have threatened to walk off the job as of 4:30 p.m. ET on July 17 if former CEO Arthur T. Demoulas is not reinstated. Demoulas had been waging a public battle with his cousin Arthur S. Demoulas, a stakeholder and director of the company, about finances when he was fired by Market Basket operator Demoulas Super Markets Inc. in June.
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Management shake-up at Loblaw and Shoppers Drug Mart
Brampton, Ontario -- Loblaw Cos. on Thursday announced a series of management changes, including the appointment of Galen Weston, executive chairman, as president, effective immediately. He succeeds Vicente Trius, president since August 2011, who is leaving the company, effective immediately, for family reasons to return to Brazil.