Petco is trying to Amazon-proof its business.
Time will tell if the strategy really works.
Amazon has its own pet food brand called Wag.
Privately held rival PetSmart acquired Chewy.com, a pet food and product site, in 2017 in a deal sources say was valued at roughly $3 billion.
Is chewy owned by PetSmart?
Chewy, Inc., a subsidiary of PetSmart based in Dania Beach, Florida, is an online retailer of pet food and other pet-related products.
Are chewy and Petco the same company?
Petco rival PetSmart announced Tuesday plans to purchase popular pet food e-tailer Chewy.com, a Dania Beach, Florida, company that specializes in speedy delivery. Founded in 2011, Chewy.com is a private company with more than 3.8 million customers, over 5,000 employees and 2016 revenue totaling $900 million.
Who owns Chewy com?
Who is Petco owned by?
The company was acquired in 2000 by Leonard Green & Partners and TPG Capital. In November 2015, CVC Capital Partners and the Canada Pension Plan Investment Board agreed to acquire Petco in a deal worth $4.6 billion.