Chewy, Inc. is an American online retailer of pet food and other pet-related products based in Dania Beach, Florida. In 2017, Chewy was acquired by PetSmart for $3.35 billion, which was the largest ever acquisition of an e-commerce business at the time.
Why did Chewy split from PetSmart?
“The purpose of splitting up the two companies is for PetSmart to divert value to its shareholders at the expense of its creditors by giving PetSmart's shareholders direct ownership of Chewy shares (rather than PetSmart owning the shares).
Does PetSmart own Chewy 2021?
Petco and PetSmart both approached with merger offers, and Cohen and Day sold Chewy to PetSmart for $3.35 billion, the largest e-commerce acquisition at the time.
Who bought out PetSmart?
Private equity firm BC Partners Inc acquired PetSmart for $8.7 billion in 2014, as it sought to capitalize on consumers lavishing their pets with expensive treats and gear.
What is the difference between Chewy and PetSmart?
When it comes down to it, Chewy carries more products than PetSmart. They have a broader focus and have supplies for small and large animals, while PetSmart's product selection is condensed only to serve small animals. Even in the realm of small animals, Chewy's selection is far greater than what PetSmart offers.
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