Pets at Home Group plc
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Pets at Home is a UK-based holding company which retails pet food, pet products and pet-related services through its subsidiaries.
Business Segments
Philanthropy
Store colleagues helped to raise £4.3m to support rehoming of pets in 2017/2018.AR-2018, pp.43,81
Company
Total float: 93.7%
- 13.0% Schroder Investment Management Ltd
- 11.1% Merian Global Investors (UK) Ltd
- 4.96% Nordea Bank SA
- 4.50% Norges Bank Investment Management
- 3.89% BlackRock Fund Advisors
- 3.62% M&G plc § M&G Investment Management Ltd
- 3.34% National Financial Services LLC
- 2.99% Morgan Stanley Securities Ltd
- 2.59% Vanguard Group Inc
- 2.54% Anthony Charles Preston
Structure
ToDo: CH, AR-2018, p.158: good chunk of Guernsey + Jersey companies in there.
Timelines
PetsAtHome
Jan.2018 | Barkers: Pets at Home closed its upmarket, dogs-only grooming and accessories chain, 4 years after opening its first shop.ref |
Oct.2016 | Ride-Away was sold to Newtyle Nominees, now called Internet Fusion Group Ltd.ref,CH |
Jun.2015 | Kohlberg Kravis Roberts disposed of nearly half its stake (21.6%), leaving it with 24.6%.ref |
Mar.2014 | Pets at Home was floated on the London Stock Exchange.ref |
??.2014 | Barkers: a premium pampering brand was launched to capitalise on the growing popularity of dogs.ref, Webpage |
Mar.2013 | Vets4Pets was acquired (from ??), and the 93 veterinary practices will be integrated into its 166 in-store vet business. Pets at Home now had 346 stores, almost 50% of which already had in-house vets thanks to a joint venture with Companion Care, which will continue to work alongside the new venture.ref,ref |
Dec.2012 | Ride-Away, an online equestrian retailer, was bought from its founders.ref |
Jan.2010 | Kohlberg Kravis Roberts: Pets at Home was sold to US private equity firm Kohlberg Kravis Roberts.ref |
Jul.2004 | Bridgepoint bought Pets at Home in a deal that gave it a majority stake of more than 60%.ref The acquisition provided an exit for 3i (23.6%) and Intermediate Capital Group plc.ref |
Mar.2004 | Companion Care (Services) Ltd: Pets at Home took a 90% holding in the company.AR-Mar.2004 |
?date? | Pets at Home went international with the opening of a joint venture store in Melbourne, Australia.ref (Went offline at the end of 2012 - Website.arch.) |
?date? | Joint venture with Companion Care. |
Dec.1999 | PETsMART UK was acquired from PETsMART Inc, bringing a chain of 140 stores under the Pets at Home brand.ref,ref |
1999 | Intermediate Capital Group plc invested in the company. Website |
Dec.1995 | 3i Group plc invested in the company. AR-Mar.1996, p.3 |
1991 | Anthony Preston founded Pets at Home with a single store in Chester.ref He had previously spent 4 years with 3i, leaving in 1982 to join his family cash and carry business. |
Mar.1991 | Pets at Home Ltd: the company changed its name again. |
Oct.1989 | John Preston Estates Ltd: the company changed its name. |
May.1984 | R & B Pet Supplies Ltd was incorporated. |
Companion Care
FixMe: link, link, Website, Website.arch
Ride-Away
Established in 1980, Ride-Away is a family-owned, multi-channel retail business with extensive online and catalogue operations as well as a 15,000 sq ft store in Yorkshire. Part of Internet Fusion Ltd.ref
- Oct.2016: Yorkshire retailer Ride-Away has been sold by Pets at Home to Internet Fusion Group Ltd,(CH)ref
- Dec.2012: Ride-Away was sold to Pets at Home by its founders.ref
Articles
- Oct.01.2018: Pets at Home shows its teeth with snap at Amazon over tax. Chief executive Peter Pritchard of Pets At Home says he is “frustrated” at the lack of Amazon's tax contribution to Britain... inequity in the tax system between retailers with stores, burdened by business rates, and those without. He does not believe that Amazon pays its fair share of taxes to help to fund the infrastructure and public services it relies on. They generate significant revenues and operating profit through their operations in the UK market, but their UK corporate tax bill is nominal. Deirdre Hipwell, The Times.