Metropolitan Market Buys Magnolia Thriftway

The rumors are true! The Metropolitan Market has taken steps to acquire the Magnolia Thriftway, and process is set to be finalized¬† in September. According to The Wall Street Journal, the Thriftway located at 3830 34th W. has been owned by Jim and Lynn Penhollow for quite sometime, but they’ve decided to sell to prepare for their retirement. Metropolitan Market was chosen due to their like minded business practices, and has already taken steps to ease the transition by setting up meet and greets for the current Thriftway employees, and began interviewing for new hires in the fall.

The Penhollow family has owned the business for 34 years, and is sad to leave, but happy and at east leaving the store in the hands of Metropolitan Market. They will keep the same investments that Thriftway has invested in the neighborhood, such as support for Lawton Elementary, Magnolia Little League, and Summerfest. The grocery hub will remain open during the transition, and during any remodeling. For more details on changes in the upcoming weeks, visit Metropolitan Market.