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Super 88 article in Boston Globe business section re: new ownership

PaulB Aug 27, 2009 05:04 AM

http://www.boston.com/business/articl...

CH mention as well

  1. kobuta Sep 3, 2009 10:56 AM

    There's a follow up story to this today.
    http://www.boston.com/business/articl...

    D'oh! I hope this doesn't slow down any revival plans too much, just as I was getting hopeful we'd be getting better options again.

    3 Replies
    1. re: kobuta
      StriperGuy Sep 3, 2009 11:26 AM

      Darn, just at the Allston store was shaping up, the soap opera continues.

      1. re: kobuta
        C. Hamster Sep 3, 2009 11:38 AM

        That whole situation is getting crazier and crazier ...

        1. re: C. Hamster
          b
          bakerboyz Sep 3, 2009 11:45 AM

          It gets even more complicated but I cannot go there. Regardless of the complications, it should end up working out, all of these potential suitors seem to be well funded which was the major failing of the previous owner despite the reports of Mr. Luu supposedly opening a casino in Vietnam...based on what I have heard that's never going to happen.

      2. PinchOfSalt Aug 27, 2009 07:49 AM

        Thanks for posting this. Other threads here made it sound as if the investment in the Vietnamese casino had gone bad and strained the owners' finances. This article seems to present a different picture in which the owners lost interest in the supermarket in favor of the casino. I don't know which is worse. Overall, while it is good that the remaining Super 88s will once again be fully functional, it is sad to see control over the major Asian markets passing into out-of-town hands. Now the only locally-owned chain is C-Mart, right?

        1 Reply
        1. re: PinchOfSalt
          t
          tysonmcneely Aug 27, 2009 08:19 AM

          Not according to that boston.com article "New York-based C-Mart has opened three supermarkets in Chinatown in recent years;"

          It must be strained finances though, because it seems like the super 88 got this guy rich, why would he stop putting $ into it and essentially bankrupt the business? Note to self: Nigerian checks and bank wires are a better investment than Vietnamese casinos.

        2. a
          AGM_Cape_Cod Aug 27, 2009 07:44 AM

          Thanks for the link. I hope they open the Chinatown store. It is on my walk to the commuter rail. I used to stop and pick up roast duck or pork as well as other things on my way by. The C-Mart is ok for produce but they don't carry the roast meats.

          1. b
            buffet king Aug 27, 2009 07:38 AM

            I'm glad that Hong Kong Supermarket took over Super 88. The last time I went to the Super 88 in Malden they didn't have any live crabs, few fish and the aisles were not fully stocked, many were empty. I wish Hong Kong Supermarket good luck! I hope they restock the empty aisles with plenty of new products.

            1. kobuta Aug 27, 2009 07:26 AM

              Was glad to have some clarity on what's going on. HK-oriented, with touches of SE Asian, suits my preference for cooking, though I know others may have been hoping for a more broadly international or pan-Asian market. I'll have to stop by 88 again sometime soon.

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