The UK-based pet retail chain Pets Corner has acquired the entire shareholding of its competitor business PamPurredPets for £ 6 mio. The acquisition will add another 51 stores to Pets Corner's existing 110 stores across the UK, making it the second biggest pet chain in the UK by store numbers and EBITDA (earnings before interest, taxes, depreciation and amortisation).
Pets Corner will continue running PamPurredPets as a separate arm of its business but plans to rebrand the stores, which are located across southern England and Wales, over the next few years. It aims to add Pet Practice veterinary concessions to seven of the locations. PamPurredPets' staff will be introduced to the Pets Corner classroom-based training programme.
