|
Pet Valu
Pet Valu Holdings Ltd. is a Canadian pet food and accessory retailer founded in 1976.[1] The company's first initial public offering occurred in 2009 when Roark Capital Group took over the company for an estimated $144 million.[1] Its stores, franchises and subsidiaries generated $574 million in 2019 and $648 million in 2020.[1] Richard Maltsbarger became its CEO in 2018. At the time, Roark Capital owned all of the company. However, when it completed its $316-million initial public offering on the Toronto Stock Exchange, Roark Capital sold some of its shares but retained sixty-two per cent.[2] RBC, Barclays Capital Canada, and CIBC World Markets underwrote the IPO.[1] In November 2020, the company announced that it would close all its stores located in the United States.[3][4][5] At the end of 2021, the organization had 633 corporate and owned stores and franchises in Canada.[2] In 2022, Pet Valu acquired Quebec chain Chico's 66 stores.[2] According to Maltsbarger, the company owns 225 out of its 744 stores, while the remaining stores are franchised to local owner-operators.[6] Sources
References
External linksInformation related to Pet Valu |
||||||||||||||||||||||||
