 "Star Tribune (Minneapolis, MN)")
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Magnolia Hi-Fi president looking forward to expansion, relationship with Best Buy.(BUSINESS)
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Magnolia Hi-Fi Inc. grew its high-end electronics retail business from the seeds of the tech-savvy Seattle area. It later expanded into the Portland, Ore., market, and last year added two stores in the San Francisco Bay Area.
The 13-store chain wanted to expand further into California, but the family-owned firm lacked the resources to fully conquer the pricey Silicon Valley.
"We made a decision that we needed capital to grow," said Jim Tweten, Magnolia's president and the son of its founder.
In search of that capital, the retailer hired an ...
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