Asian grocery chain Super 88, founded in Dorchester in 1999, has been sold to New York based Hong Kong Supermarkets. The Globe reports that posters announcing the change will be in place in Super 88’s three remaining stores by this weekend. Super 88 has been wreaked with financial problems over the past few years and closed half of its stores a year ago. Founder Peter Luu will reinvest the money from Super 88’s sale in a casino and luxury hotel he’s building in Vietnam. Hong Kong Supermarkets is one of the largest Asian grocery chains in the country with ten locations in New York, New Jersey, California, and Pennsylvania.
Super 88 Grocers Being Sold [Globe]