Page 7 - PET worldwide issue 01/2023

Double-digit growth for Musti Fressnapf looking to invest in food
Group production

Photo: Fressnapf, Yvonne Ploenes
The Finnish retail chain Musti has to 7.9 per cent of sales (previous Fressnapf Beteiligungs
released figures for the fiscal year year: 8.3 per cent). “Our strong GmbH is considering a pro-
ending on 30 September (1 Oc- growth continues,” commented ject-related minority joint
tober to 30 September). CEO David Rönnberg with refer- venture with MAGA. The
Net sales by the group were ence to the figures. Fressnapf Group confirmed
reported to be 391.1 mio euros For the last three months the news in response to a
(same period in the previous from July to September, the com- question by PET worldwide.
year: 340.9 mio euros), equiva- pany reports net group sales of This information came to
lent to an increase of 14.7 per 101.8 mio euros (same period of light from a list of current
cent. Sales on a comparable previous year: 91.5 mio euros), cases published by the German By entering into cooperation with
store area grew by 6.7 per cent, corresponding to an increase of competition authority on 28 Oc- MAGA, Fressnapf aims to secure
future raw material and production
with operating income rising by 11.3 per cent. Sales growth on a tober and attracted a lot of interest capacities on an ongoing basis.
8.8 per cent to 30.9 mio euros comparable store area was 4.7 in the pet supplies sector.
(same period, previous year: per cent. The number of stores The planned cooperative also an umbrella company for
28.4 mio euros), which equates operated rose from 312 to 335. venture is closely linked to the branded manufacturer Interquell
challenges presently posed to and private label supplier Bionic
companies in the pet sector by Nature. As part of the announced
stretched supply chains and raw venture, MAGA wishes to invest,
material shortages. Fressnapf is as the majority shareholder in a
aiming thereby to secure future new company to be established,
As of 30 raw material and production ca- in a moist food production plant
September, the pacities on an ongoing basis. for dog and cat food. Fressnapf
Musti Group MAGA Beteiligungs GmbH is looking to acquire a minority
operated 335
stores. is a holding company which is share in the new company.

Croci acquires Creaciones Arppe Chewy’s sales up by 14.5 per cent

Italian Croci Group has acquired there manufacturing an exten- The American online retailer
the Spanish company Creaciones sive product portfolio featuring Chewy has released its finan-
Arppe. The takeover will enable leashes and comfort items, with cial results for the third quarter
Croci to advance its international a particular focus on pet beds of fiscal 2022, which ended on 30
growth and multibrand strategy. and cushions. The company has October 2022. These show that
It also marks the start of pet ac- long been present in the leading net sales increased by 14.5 per
cessory production, according Spanish pet store chains, where cent compared with the previous
to Croci. 90 per cent of the products have year to 2.53 bn US dollars. The
Creaciones Arppe is located been marketed hitherto under its gross margin of 28.4 per cent also
close to Valencia. It has a plant own label Arppe. increased by comparison with the
previous year. Chewy revealed net Sumit Singh is proud to report
profits of 2.3 mio dollars including successful sales growth and a
stock-based compensation ex- widening of the margin.
pense of 46.1 mio dollars. tinuing expansion of the gross
“The results for the third margin and solid generation
quarter show accelerated dou- from free cash flow,” reports
Croci’s headquarters are in Varese, Italy. ble-digit growth in sales, a con- Chewy CEO Sumit Singh.

PET worldwide 1|2023 7

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