Page 49 - PET worldwide issue 02/2022

Pet Supplies Plus acquires Increase in sales
Wag N’ Wash In fiscal year 2021/22 (1 March ruary, it had 167 stores (previ-

2021 to 28 February 2022), the ous year: 163) and nine online
Independent pet retailer Pet Sup- N’ Wash original founders Jef
plies Plus with over 600 stores Strauss and Dan Remus will stay Hornbach Group surpassed its shops. Hornbach Baumarkt’s
in 39 states has acquired Wag on for a minimum of two years. record sales of the previous year sales on a comparable store
once again. According to provi- area and adjusted for currency
N’ Wash, a natural pet food, self- Pet Supplies Plus CEO Chris
sional figures, net sales grew by fluctuations increased by 5.4 per
wash, and grooming franchise Rowland noted that new and ex-
with over 15 locations. “Each isting franchise owners will have 7.7 per cent to 5.875 bn euros. cent, while online sales (includ-
brand will continue to operate the opportunity to open a store The biggest operational divi- ing click & collect) grew by 10.5
as separate entities,” a press under the Wag N’ Wash or Pet sion, Hornbach Baumarkt, in- per cent to 944 mio euros (previ-
release announced. All Wag N’ Supplies Plus name, depending creased its sales by 7.4 per cent ous year: 854 mio euros).
to 5.496 bn euros. As of 28 Feb-
Wash corporate team members on what makes most sense for
will remain at Wag Central. Wag the market.
PetSmart aims for

initial public offering

Various media channels from the tion Holdings is in acquisition
American financial sector are cur- talks with PetSmart to take the
rently reporting on an initial pub- company public. KKR Acquisition
lic offering (IPO) of the pet store Holdings raised 1.38 billion dol-
chain PetSmart with a SPAC deal. lars to acquire consumer or retail
A special purpose acquisition companies in its initial public of-
company (SPAC) is an acquisition fering last year.
Photo: CC BY-SA 3-0 vehicle or shell company that first PetSmart to go public more
The acquisition would allow
raises capital through an IPO in
quickly than if it did a traditional
order to invest it in the acquisition
of a company in a second step.
The quote is from a Bloomberg IPO. According to Bloomberg,
the acquisition would value
report stating that KKR Acquisi- Petsmart at 14 billion dollars.
Pet Supplies Plus runs over 600 stores in 39 states.

Biggest store to date

At the start of March, the Dutch no less than 17 metres of dog
pet store chain Pet’s Place leashes,” he said. He intends in
opened its biggest store yet in this way to meet the needs of the
Venlo, according to the Belgian growing numbers of customers
trade magazine Pet & Garden from the Netherlands and Ger-
Pro online. The new store is re- many. Another new feature in
ported to have a 2 500 m² re- Venlo is the Pets Place Boutique.
tail area. It is run by Mark van Novel toys and gifts for dogs and
der Heijden, who has worked cats are on sale here along with
for Pet’s Place for 36 years. “We luxury items such as fragranced
have twice as many dog treats shampoos, leads and wipes.
as other stores, for example, and PetSmart operates over 1 500 locations in North America.

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