Woolworths barks up a new tree, splashes $586m on PETstock owner

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Petspiration is the owner and operator of retail brand PETstock and has a network of 276 stores. The deal was foreshadowed on Sunday by Street Talk.

The privately held Australian and New Zealand pet food, accessories and services retailer operates the PETstock brand and has a network of 276 retail stores, 65 vet clinics and 162 grooming salons.

“We don’t see this as a peak. This trend has been around for some time. Pet ownership is not going down. It may have been pulled forward somewhat in COVID,” he said.

 

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