Metropolitan Market Announces Purchase of Magnolia Thriftway
07/11/2012 – Seattle-based Metropolitan Market announced today they will acquire Magnolia Thriftway and operate
the 17,500-square-foot store immediately upon transfer of ownership.
Longtime Magnolia Thriftway owners Jim and Lynne Penhollow decided to sell as they begin preparation for retirement, selecting Metropolitan Market due to like-minded customer service and community values. Metropolitan Market has immediately begun a process of meet-and-greet gatherings to get to know all current Magnolia Thriftway team members and begin interviewing for staffing the new store.
“For 34 years the Penhollow family has had the pleasure of serving the community of Magnolia,” shared Jim and Lynne Penhollow. “Our involvement with church, schools and our many friends here has made it feel like living in a small town. So it is bittersweet as we leave Magnolia Thriftway in the capable hands of Metropolitan Market, who will provide the community with the service and quality it so richly deserves.”
“We want to be part of the close-knit community and continue the investment that the Penhollow family and store team has made, including the way in which they have taken care of customers,” said Metropolitan Market Chief Executive Officer Terry Halverson. “We look forward to taking part in the neighborhood’s rich history, such as the Magnolia Little League, SummerFest, schools like Catherine Blaine K-8, Lawton Elementary, Our Lady of Fatima, and other organizations supported over the years.” Metropolitan Market anticipates making meaningful partnerships in the Magnolia community, just as it has supported over 200 neighborhood organizations over four decades, such as the Queen Anne Helpline and Hopelink in Kirkland.
Metropolitan Market is eager to make improvements to the store, but before that happens, the company will be seeking input from customers, listening carefully to know what product lines they want to see on the shelves, and what other updates they would like to see in an already good store. With the change in ownership, the building itself will soon gain small aesthetic updates, with an eventual full-scale remodel expected in 2013.
Metropolitan Market is an independent grocer currently operating five stores in the greater Seattle, Washington area.
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