Jacobs Music, a family owned fixture for decades in the Philadelphia region, has been sold to Steinway & Sons, which will operate the Center City and Princeton stores under its name.
Jacobs Music, a family owned fixture for decades in the Philadelphia region, has been sold to Steinway & Sons, which will operate the Center City and Princeton stores under its name.
The sale comes as Rinaldi plans to retire from the company he and his brother, Bob, the chief operating officer, have worked in for decades and inherited from their father in 2014. Steinway still builds its esteemed instruments in Queens. Jacobs has had a working relationship with Steinway for 40 years.“We’re not just a music store,” Bob Rinaldi said, sitting at a conference table adjacent to the second floor showroom on Chestnut Street. The family still owns the building and will rent it to Steinway.
A 1940 Inquirer story about the pending demolition of a block-long building at 11th and Chestnut that was known as ‘Piano Row’ had over time housed 14 businesses related to the instrument.
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