Pet Valu
Canadian pet food and accessory retailer From Wikipedia, the free encyclopedia
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]
As of 2024, Roark’s beneficial ownership is 39.2%. [3]
In November 2020, the company announced that it would close all its stores located in the United States.[4][5][6]
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.[7]
Sources
- "Pet Valu offers rosy outlook as it grows market share in lucrative pet industry". thestar.com. 2023-03-07. Retrieved 2023-04-07.
- McBain, Kevin (2020-11-24). "Pet store chain chomping at the bit to open in Liverpool". Toronto Star. Retrieved 2023-04-07.
- McBain, Kevin (4 December 2020). "Pet store chain chomping at the bit to open in Liverpool". LighthouseNOW Progress Bulletin. Retrieved 2023-04-07.
References
External links
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