Super 88 files for bankruptcy

Boston Super 88, a small chain of Asian grocery stores, filed for Chapter 11 bankruptcy protection, according to a report in Supermarket News.

The local chain listed assets of less than $10 million and liabilities of $10 million to $50 million.

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

Earlier this year the chain had reportedly reached an agreement to be acquired by New York City-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 closed three stores last year, leaving it with three locations.