Did PetSmart buy chewy?
In response, PetSmart acquired Chewy in 2017, adding $2 billion to PetSmart’s debt load to do the deal. The IPO values Chewy at almost three times the $3.35 billion PetSmart paid for the company. Chewy competes with Amazon.com Inc and Blue Buffalo Pet Products, which was acquired by General Mills Inc last year.
Did Petco buyout chewy?
Petco rival gobbles up pet food site Chewy.com. 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. PetSmart declined to comment on the acquisition price or make executives available for an interview.
Who started chewy com?
Is chewy going public?
Following the IPO, PetSmart will remain majority owner of Chewy. It will use proceeds from the IPO for working capital and general corporate purposes, according to the filing. Chewy was founded in 2011 by Ryan Cohen and Michael Day.