Is Magnolia owned by Best Buy?

Best Buy is one of the leading electronics retailers in the United States. The company operates more than 1,400 stores across the country. Best Buy is also the parent company of Magnolia, a high-end home theater and audio retailer.

Best Buy acquired Magnolia in 2000, and the two companies have been operating under the same umbrella ever since. While Magnolia locations are typically found within Best Buy stores, there are also stand-alone Magnolia locations as well.

So, is Magnolia owned by Best Buy? The answer is yes. Best Buy has owned Magnolia since 2000 and the two companies operate under the same umbrella.

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