Who Owns Pet Supermarket?
Pet Supermarket is a privately held company that has been in business since 1973. The company is headquartered in Boca Raton, Florida, and operates over 200 stores in the United States.
History
Pet Supermarket was founded in 1973 by Ray and Elaine Stephens. The couple had a passion for pets and wanted to create a place where people could find everything they needed for their furry friends. The first Pet Supermarket store was opened in Boca Raton, Florida, and the company quickly expanded throughout the state.
In 1993, Pet Supermarket was acquired by PETCO Animal Supplies, Inc. PETCO is a publicly traded company that operates over 1,500 pet stores in the United States, Canada, and Mexico.
In 2015, PETCO was acquired by CVC Capital Partners, a private equity firm. CVC Capital Partners sold PETCO to Franchise Group, Inc. in 2021.
Current Ownership
Pet Supermarket is currently owned by Franchise Group, Inc. Franchise Group is a publicly traded company that operates over 4,000 franchised and company-owned stores in the United States and Canada. The company's brands include Pet Supplies Plus, PetSmart, and Whole Foods.
Future of Pet Supermarket
Pet Supermarket is a well-established company with a strong brand name. The company is well-positioned to continue to grow in the future. Pet Supermarket has plans to open new stores in the United States and is also looking to expand into international markets.
Conclusion
Pet Supermarket is a privately held company that has been in business for over 40 years. The company is currently owned by Franchise Group, Inc. Pet Supermarket is a well-established company with a strong brand name. The company is well-positioned to continue to grow in the future.
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