Super 88 Files for Bankruptcy

BOSTON — Super 88 LLC, which operates a small chain of Asian supermarkets here, filed for Chapter 11 bankruptcy protection this week, listing assets of less than $10 million and liabilities between $10 million and $50 million.

In its initial filing with the U.S. Bankruptcy Court for the District of Massachusetts, the chain said it had between 100 and 199 creditors.

Earlier this year the chain had reportedly reached an agreement to be acquired by New York-based Hong Kong Supermarkets, but that deal fell through after a legal challenge by other companies that said they had agreements to acquire individual locations.

Super 88 had closed three stores last year, leaving it with three locations.

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