Business Bulletin

Groveland’s Neat Repeats Plans Jill’s Luxury Leather Goods Popup

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Jill Murray of Franklin will bring her refurbished luxury leather handbags, clutches and wallets to Neat Repeats at a pop-up event. Neat Repeats, a consignment shop, is hosting Jill’s Luxury Leather Goods event on Saturday, June 14, from 10 a.m. to 2 p.m., at 908 Salem St., in Groveland. Among the brands she will display are Louis Vuitton, Gucci, YSL, Prada, Dior and Burberry. Neat Repeats owner Julie Harmon recently left a career in health care to take over the local thrift shop. She accepts gently used clothing and accessories in good condition daily.

Business Bulletin

Haverhill Cannabis Retailer Stem Celebrates Five Years in Business

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Stem, Haverhill’s first of four cannabis shops, celebrated its fifth anniversary with four days of events at its 124 Washington St. store last week. On Friday, May 30, with several dozen customers and dignitaries in the audience, owner Caroline Pineau cut a ribbon to celebrate the moment. State Cannabis Control Commission Acting Chair Bruce Stebbins told those assembled how impressed he is by the success of Stem. “This is a business that is not easy to get into or to sustain,” Stebbins said.

Business Bulletin

Surgeons Lord and Karam Join Community Medical Associates at Holy Family Hospital, Methuen

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Drs. Jeffrey Lord and Paul Karam recently joined Community Medical Associates, a multi-specialty medical practice associated with Lawrence General and Holy Family Hospitals. Lord and Karam, who serve the Merrimack Valley and southern New Hampshire, will see patients at Holy Family Hospital in the William Lane Building, 70 East St., Methuen. “Dr. Lord and Dr. Karam represent the very best in surgical excellence, leadership, and compassion,” said Dr. William Goodman, vice president of medical affairs and ambulatory practices. “Their appointments reflect not only an exciting expansion of our specialty surgical capabilities, but also the continued growth of our system as a center of advanced care.

Business Bulletin

Reinke Purchases Riverside Cycle’s Three Locations, Plans Regular Group Rides from Haverhill

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Tom Reinke, the longtime general manager of Haverhill’s Riverside Cycle, has taken the reins of the business as owner. Reinke purchased the bicycle shop from his boss, Aaron Millett, along with two other shops in the locally owned chain. Reinke, who lives in Seabrook, N.H., now owns Riverside Cycle locations in Newburyport and Manchester-By-the-Sea as well. Fifty-five-year-old Reinke has been associated with bike shops since he began working in 1985 at a small bike and ski shop in Appleton, Wis. He joined Millett’s staff in 2011.

Business Bulletin

Haverhill Bank Promotes Shaw to President and COO

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A local banking veteran earned promotion to the post of president and chief operating officer at Haverhill Bank this month. Gregory J. Shaw, who delivers more than 32 years of experience—nearly 25 years in the Haverhill market—most recently served as executive vice president and chief operating officer for the bank. Thomas L. Mortimer, who remains Haverhill Bank’s chief executive officer and chairman of the board, said Shaw’s promotion reflects his significant contributions to the bank since he joined the institution two and a half years ago. “Greg has played an instrumental role in Haverhill Bank’s continuing growth in recent years. He has earned the confidence of depositors, borrowers and the public at large as a dedicated community servant, thoughtful team player and strategic leader.

Business Bulletin

Downey Law Group Offers Free Estate Planning Seminar June 12

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Downey Law Group/DLG Closing is presenting a free seminar in June on “The Essentials of Estate Planning and Navigating the Massachusetts Estate Tax.”

Topics include planning to fit individual needs, how to navigate the Massachusetts estate tax and deduction planning for married couples whose assets total more than $2 million. The seminar, led by attorney Aubrie L. Gallagher, takes place Thursday, June 12, from 6-8 p.m., at Ipswich Country Club, 148 Country Club Way, Ipswich. Appetizers and beverages will be provided. Because space is limited, those interested are asked to reserve by calling 978-561-1137 or emailing [email protected]. Downey Law Group/DLG Closing maintains offices in Topsfield and Haverhill.

Business Bulletin

Stem Haverhill Marks 5th-Year Anniversary with Four-Day Celebration

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Stem Haverhill—Haverhill’s first adult-use cannabis retailer—will mark five years of doing business on Washington Street with four days of events. The celebration kicks off Thursday, May 29, at noon with musical performances, refreshments and vendor tables, at Stem, 124 Washington St. A new mural at the entrance to the shop will be unveiled at the playful time of 4:20 p.m.

A party gets underway on Friday at 9 a.m.

A reception is scheduled for 10:30 a.m., ribbon cutting at 11 a.m. and building tours at 11:30 a.m. On Saturday, building tours get underway at 10 a.m. On Sunday, Stem launches its new community education initiative “We(ed) Can Help” at noon. “We’ve grown with this city, and we’re honored to be part of its downtown community,” Stem owner Caroline Pineau said. “From the beginning we’ve been on a shared journey, discovering cannabis together, focusing on quality, education and being good neighbors.

Protest sign
Business Bulletin

Demoulas Spokesperson Says Market Basket in Midst of ‘Hostile Takeover,’ Board Cites Concerns

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More than 10 years ago, Market Basket’s Arthur T. Demoulas, supported by thousands of customers, pulled off what many thought impossible—wresting back control of his Market Basket grocery store chain after a bitter family fight and boardroom coup. Hit repeat. In a statement Wednesday, his spokesperson said, the company is in the midst of a another “hostile takeover.”

“Demoulas was ousted from his position as president and CEO of Market Basket by his three sisters and their three appointed board members—Jay Hachigian, Steven Collins and Michael Keyes,” said Justine Griffin in a statement. Griffin added Demoulas’ daughter, Madeline, and son, Telemachus, and several other Market Basket executives were placed on leave. “Under Mr. Demoulas’ leadership in December of 2024, the company paid off $1.6 billion in debt that financed the purchase of the company in 2014.