Euro Forex Station » Pet Store http://euroweatherstation.com Current conditions, currency, forex, daily business news forecast on Euro Business Area Tue, 22 May 2012 09:32:15 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Pet Store Snapped up by Private Equity Giant http://euroweatherstation.com/pet-store-snapped-up-by-private-equity-giant/ http://euroweatherstation.com/pet-store-snapped-up-by-private-equity-giant/#comments Sat, 30 Jan 2010 15:19:34 +0000 admin http://euroweatherstation.com/?p=1272 UK’s biggest pet store is being snapped up by private equity giant Kohlberg Kravis Roberts. Pets at Home owner, Bridgepoint Capital, agreed to sell to KKR for a reported £950 million.
Cheshire-based Pets at Home, which has more than 250 stores and 4200 staff, will join a stable of KKR retail investments, including Alliance Boots and Toys R Us. Pets at Home, which also runs 54 veterinary centers, has enjoyed strong growth and been weighing up a sale or flotation for several months.
As well as pet food, the winter chill saw a 70% surge in demand for dog coats, while sales of rabbit hutch covers also rose.

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