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Dec 15, 2022 · Woolworths barks up a new tree, splashes $586m on PETstock owner. Woolworths Group boss Brad Banducci says there is plenty of growth left in the booming pet sector, from doggy daycare to nutrition ...
Dec 14, 2023 · The purchase price for Woolworths’ 55 per cent stake in Petspiration Group, which trades as PETstock, is now expected to be $438 million, reduced from $586 million. The adjusted enterprise value ...
- Carrie Lafrenz
May 27, 2024 · PetO will buy 41 stores and 25 co-located vet clinics from PETstock, helping to triple its sales to $200 million. A 55 per cent stake in PETstock was first purchased by Woolworths in December 2023 ...
- Carrie Lafrenz
Dec 14, 2023 · 1 MEDIA RELEASE 14 December 2023 Woolworths’ acquisition of controlling interest in Petstock not opposed, as Petstock gives undertakings relating to past acquisitions The ACCC has accepted a court-enforceable undertaking from Petstock Pty Ltd (Petstock) to divest a package of sites and assets, including 41 retail stores, following the ACCC’s enforcement investigation into past acquisitions ...
Dec 14, 2023 · The ACCC has accepted a court-enforceable undertaking from Petstock Pty Ltd (Petstock) to divest a package of sites and assets, including 41 retail stores, following the ACCC’s enforcement investigation into past acquisitions by Petstock. The ACCC will not oppose Woolworths' (ASX: WOW) proposed acquisition of a 55 per cent controlling ...
May 28, 2024 · PetO has now stepped in to buy those divested pet and vet operations, following a court-enforced divestiture notice delivered by the ACCC to PetStock and Woolworths. To reflect this divestiture, Woolworths’ purchase price of the 55 per cent stake in PetStock would be expected to be around $438 million, down from the initial price tag of $586 million.
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Dec 15, 2023 · The deal was initially announced in December 2022 and will see Woolworths buying a 55% stake in Petstock. In reviewing the deal, the ACCC raised concerns over Petstock’s previously completed acquisitions between 2017 and 2022. During this period, the pet retailer purchased other speciality pet retailers, including Best Friends Pets and Pet ...
