Glastonbury’s jewelry scene will soon be a little different when Pennachio Jewelers changes owners. The news is probably something most customers never expected of the business which has served Glastonbury and its surrounding communities for nearly 10 years. Tracey Pennachio and Ron Drost, owners of Pennachio Jewelers who also happen to be married to each other, said that although business has been very good, the timing was just right to sell. “Our ten year lease was ending which got us thinking about the future of our business but also its impact on our daily lives,” Drost said. “As you can imagine, running a business is a 24/7 job and it takes its toll on family.” Drost went on to say that it basically comes down to priorities. “Our oldest son is in college and our youngest, at age five, has special needs so selling the business now just fits our family’s needs and where we are in life.”
The search for a new owner has been an exhaustive one as both Ron and Tracey said they wouldn’t just sell to anyone. “We had many parties interested in purchasing our store but wanted to find the right person who would continue building on the foundations that we had worked so hard to put in place,” Drost said. “We love our customers and employees and wanted this to be a seamless transition with as little impact on them as possible,” Pennachio added. They expect the new owner to continue offering the same high quality brands at everyday low prices with great customer service.
Selling the store is not without sadness though according to Pennachio. “Jewelry has been a huge part of my life from age 19 and owning my own store has been extremely fulfilling and the pinnacle of my career. I am also very passionate when it comes to meeting customer needs. Watching them fall in love with that perfect piece of jewelry is certainly something I’ll miss.” Drost goes on to say, “we cannot fully express our deep gratitude to our customers, the community, and our dedicated staff for their business and support. It has been nothing but an absolute pleasure.”
Pennachio Jewelers has been very active in the community over the years giving time and financial contributions to area charities as well as community events. Most notably, for four years straight Pennachio Jewelers celebrated their store anniversary with a series of free treasure hunts sending willing participants on real time treasure hunts throughout the area in search of hidden jewelry.
Looking ahead to the next few weeks Pennachio said, “there will probably be a lot of memory sharing and maybe even a little crying but we want our customers to be excited about this change as well.” The transfer of ownership is tentatively scheduled for November 30.
Tracey and Ron are planning to move to the Myrtle Beach, South Carolina area once they wrap up all of their business and personal commitments in Connecticut. “Having a special needs child with tons of energy makes for very long winters here in Connecticut,” Pennachio said. “We are looking forward to warmer weather and new adventures as both Ron and I love to travel and this will give us more freedom to do so.”
Pennachio Jewelers is located at 120 Hebron Avenue in Glastonbury CT.