Petsmart Inc. announced on Tuesday that it has completed the sale of Chewy.com to an affiliate of an investment firm for about $3.35 billion in cash.
Petsmart said it sold Chewy for $3.35 billion in cash to an affiliate of an investment firm. The move comes as the pet retailer looks to focus on its brick-and-mortar business and pay down debt.
Chewy is the latest in a string of companies that have been sold this year by Petsmart.
In March, the retailer sold its online pet pharmacy, VetSource, to McKesson Corp (MCK.N) for $450 million.
Is Chewy still owned by Petsmart? No, Petsmart announced on Tuesday that it has completed the sale of Chewy.
9 Related Question Answers Found
Is Petsense owned by PetSmart?
Petsense is a pet store chain in the United States. It is owned by Tractor Supply Company. Petsense has 83 stores in 23 states.
Is thrive a PetSmart brand?
Petsmart is a pet retailer that offers a wide variety of products and services for pets. They have a wide range of products that are available in store and online. They also offer a variety of services, such as grooming, training, and boarding.
Is Petco owned by PetSmart?
Petsco is a pet retailer that specializes in selling pet supplies and accessories. The company was founded in 1986 by two entrepreneurs, who saw a need for a pet retailer that could provide quality products and services to pet owners. Petsco has since grown to become one of the largest pet retailers in the United States, with over 1,000 stores nationwide.
Why did PetSmart sell Chewy?
Petsmart, Inc. is an American retail chain operating in the United States, Canada, and Puerto Rico that specializes in the sale of pet supplies and services such as dog grooming and dog training. On April 18, 2017, Petsmart announced that it would be acquired by Chewy, Inc.
Is PetSmart owned by Walmart?
Petsmart is not owned by Walmart. Petsmart is a publicly traded company on the Nasdaq stock exchange. Petsmart’s largest shareholder is BC Partners, a private equity firm.
Is Pet Valu owned by Petsmart?
Petsmart is a popular pet retailer that offers a wide variety of products and services for pets and pet owners. Pet Valu is a smaller pet retailer with a more limited selection of products and services. Despite their different sizes, these two retailers have something in common: they are both owned by the same company.
Does PetSmart make dog tags?
Petsmart does not make dog tags. The store sells a variety of pet supplies and products, but does not manufacture any items itself. Petsmart is a pet retailer that offers a wide range of pet-related products and services.
Does PetSmart still have pet perks?
Petsmart is a pet retailer that offers a variety of products, services, and events for pet owners and enthusiasts. Among these services and events is Petsmart’s “Pet Perks” program. Pet Perks is a loyalty program that offers members exclusive discounts, coupons, and monthly deals on pet-related products and services.
What is the stock symbol for PetSmart?
Petsmart is a publicly traded company on the Nasdaq Stock Market under the ticker symbol “PETM”. The company is headquartered in Phoenix, Arizona, and operates more than 1,500 pet stores in the United States, Canada, and Puerto Rico. Petsmart is the largest pet retailer in North America.
