Petco bought Chewy in 2017 for $3.35 billion in cash. At the time, this was the biggest acquisition of an online business.
Is Chewy com part of PetSmart?
PetSmart will not own any shares of Chewy common stock, and Chewy will not be a subsidiary of PetSmart. In April 2017, PetSmart acquired Chewy, causing some brands to abandon the online pet food, treat and other product e-commerce retailer, but the two companies now will split again.
Was Chewy bought by PetSmart?
In the three years following PetSmart's acquisition of Chewy, a move that required the big-box retailer to take on massive debt, pet industry insiders have speculated over how the purchase would shake up the pet retail channel.