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The company was acquired by a private equity consortium led by BC Partners in March 2015. In May 2017 PetSmart purchased the online pet-products e-tailer Chewy as a largely independent subsidiary. Chewy went public in an IPO in June 2019; As of March 2021, PetSmart no longer owns Chewy and they are independently operated companies.
In July 2014, JANA announced a 10% share in Petsmart, despite the company's poor prospects at the time. The hedge fund pushed Petsmart towards a sale, and the company was bought in December for $8.7 billion by a group of buyers led by BC Partners. [7] [8] The firm has been highly involved in the food sector. [9]
Chewy was founded with the name "Mr. Chewy" in June 2011 by Ryan Cohen [3] and Michael Day. [4] In March 2012, the company estimated a total yearly revenue of $26 million, despite losing money in its first half year.
The company employs approximately 50,000 associates and operates more than 1,269 pet stores in the United States, Canada and Puerto Rico, over 195 in-store PetSmart ® PetsHotel ® dog and cat ...
Soon-to-be-CEO Lenhardt is a 12-year veteran of PetSmart, having joined the company in October 2000 as senior VP for services, strategic planning, and business development. Since January 2012, he ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 20 January 2025. Canadian entrepreneur and investor (born 1986) Ryan Cohen Cohen in 2019 Born 1986 (age 38–39) Montreal, Quebec, Canada Occupations Entrepreneur activist investor Known for Founder and CEO of Chewy (2011–2018) Executive Chairman of GameStop (2021–present) CEO of GameStop (2023 ...
Mars’s relationship with pet owners has accelerated dramatically in recent years, but the company has long had ties to the pet industry. In 1935, it acquired the U.K. maker of CHAPPIE canned dog ...
They aggressively undertook actions to sell the company. PetSmart offered less than the net cash value of the company, and Pets.com's board turned down that offer. [citation needed] The company announced on November 7, 2000 [25] that they would cease taking orders on November 9, 2000 at 11am PST and laid off 255 of their 320 employees.