OBITUARIES

TELEMACHUS DEMOULASServices were held here last week for Telemachus "Mike" Demoulas, 82, who founded Demoulas Market Basket, Tewksberry, Mass., with his brother George in 1955. The company, launched with a 600-square-foot grocery store here, now operates 58 stores and had estimated revenues of $1.9 billion in 2002. Mike and George ran the chain together until 1971, when George died. At that point

TELEMACHUS DEMOULAS

Services were held here last week for Telemachus "Mike" Demoulas, 82, who founded Demoulas Market Basket, Tewksberry, Mass., with his brother George in 1955. The company, launched with a 600-square-foot grocery store here, now operates 58 stores and had estimated revenues of $1.9 billion in 2002. Mike and George ran the chain together until 1971, when George died. At that point each brother's family controlled 50% of the company's stock, but a battle for contr

Register to view the full article

Already a member? .