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Petco's offer would be paid for in part using stock, whereas PetSmart offered an all-cash bid that would also allow Chewy to remain a completely separate business. [9] In 2017, Chewy was purchased by PetSmart , a retail entity backed by private equity firm BC Partners , [ 10 ] for $3.35 billion, which at the time was the largest ever ...
PetMed Express is an online pharmacy that sells prescription and non-prescription pet medication and nutritional supplements. [ 3 ] [ 4 ] It can only fill prescriptions written by veterinarians, and competes with veterinarians who derive some of their income from selling pet medication.
PetSmart is originally started as Pet Food Warehouse in 1986. The initial two stores opened their doors in 1987 in Phoenix. Jim and Janice Dougherty conceived the idea of a chain of discount pet-food warehouses, and, with the initial financial backing of Phillips-Van Heusen Corporation, incorporated under the name Pacific Coast Distributing in 1986.
Human doctors can't sell prescription drugs because it would be a conflict of interest to have them dispense certain medicines for profit. A lot of veterinarians, however, count on prescription ...
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