Pet Supplies Plus: Difference between revisions

Pet Supplies Plus
	A Pet Supplies Plus location in Centerville, Ohio.
Formerly	Pet Supplies "Plus"
Company type	Subsidiary
Industry	Retail
Founded	June 1988; 36 years ago, in [[Redford, Michigan]], United States (as Pet Supplies "Plus")
Founder	Jack Berry; Harry Shallop;
Headquarters	Livonia, Michigan, U.S.
Number of locations	560 (2021)
Area served	United States
Key people	Chris Rowland (CEO)
Products	Pet food and supplies
Brands	Various
Services	Dog grooming, self serve dog wash, pet adoptions
Revenue	$2 billion (2021)
Number of employees	3,000 (2021)
Parent	Franchise Group (2021-present)
Website	www.petsuppliesplus.com

Browse history interactively

← Previous edit

Content deleted Content added

VisualWikitext

Inline

Latest revision as of 17:10, 8 November 2024

Pet Supplies Plus (also styled Pet Supplies "Plus") is a privately held pet supply retailing corporation with a major presence in the US.^[4]^[5] It was founded in 1988 in Redford, Michigan in the United States. As of 2005, it was the third largest specialty pet food retailer in the US.^[6] The company began adding franchise locations in the Midwest, expanding into the northeastern and southern states during the late 1990s.^[6] As of May 2023, Pet Supplies Plus store locations consisted of over 720 stores in 36 states. Pet Supplies Plus has in-house pet food brands such as Redford Naturals.^[7]

History

Pet Supplies Plus was founded in 1988 by Harry Shallop and Jack Berry, in Redford, Michigan.^[8]

In December 2018, Pet Supplies Plus was acquired by Sentinel Capital Partners.^[9]

In January 2021, the Franchise Group, Inc., announced it was acquiring Pet Supplies Plus,^[10]^[11] and the deal was closed on March 10, 2021.^[12]

On November 2, 2024, Franchise Group announced that they were preparing to file for Chapter 11 bankruptcy after months of losses and turmoil caused by its owner, B. Riley Financial. HPS Investment Parters, a private equity firm, amongst other lenders, will take over the company once the restructuring is completed.^[13] On November 3, 2024, Franchise Group and all of its affiliated subsidiaries filed for Chapter 11 bankruptcy protection in Delaware. The company plans to keep Pet Supplies Plus open during the procedure.^[14]

References

^ "Pet Supplies Plus | Own a Pet Supplies Plus Franchise". Pet Supplies Plus Franchise.
^ "Pet Supplies Plus". Forbes.
^ "Home". franchisegrp.com.
^ "Pet Supplies Plus/USA Inc". Business Week. 2010-05-16. Archived from the original on September 30, 2012. Retrieved 2010-05-16.
^ "Industry Overview:Pet Stores". Hoover's. Retrieved 2010-05-23. Major companies include PetSmart, PETCO Animal Supplies Stores, Pet Supplies Plus, and Petland.
^ ^a ^b "With the big dogs; Pet Supplies Plus grows to third-largest pet food specialist". Crain's Detroit Business (Crain Communications). 2005-12-05. Retrieved 2010-05-16.
^ "About Us". Pet Supplies Plus. Retrieved 2015-05-25.
^ McNulty, John (13 December 2018). "Pet Supplies Plus Switches Sponsors". Private Equity Professional. Retrieved 7 April 2020.
^ "Pet Supplies Plus Acquired by Private Equity Firm". Pet Product News. December 13, 2018. Archived from the original on March 10, 2019. Retrieved March 10, 2019.
^ Hotdish (26 January 2021). "Franchise Group Inc Acquires PSP". Pet Supplies Plus Franchise Opportunity.
^ "Pet Supplies Plus Acquired for $700 Million".
^ Kaminsky, Andrew F. (10 March 2021). "Franchise Group, Inc. Closes on the Acquisition of Pet Supplies Plus". Globe Newswire.
^ "B. Riley-Backed Franchise Group Prepares to File for Bankruptcy". Bloomberg Law. November 2, 2024. Retrieved November 3, 2024.
^ "Vitamin Shoppe Owner Franchise Group Filing for Bankruptcy". PYMNTS. November 3, 2024. Retrieved November 3, 2024.

External links

Official site

[1] "Pet Supplies Plus | Own a Pet Supplies Plus Franchise". Pet Supplies Plus Franchise.

[2] "Pet Supplies Plus". Forbes.

[3] "Home". franchisegrp.com.

[4] "Pet Supplies Plus/USA Inc". Business Week. 2010-05-16. Archived from the original on September 30, 2012. Retrieved 2010-05-16.

[5] "Industry Overview:Pet Stores". Hoover's. Retrieved 2010-05-23. Major companies include PetSmart, PETCO Animal Supplies Stores, Pet Supplies Plus, and Petland.

[crains-6] "With the big dogs; Pet Supplies Plus grows to third-largest pet food specialist". Crain's Detroit Business (Crain Communications). 2005-12-05. Retrieved 2010-05-16.

[pets-7] "About Us". Pet Supplies Plus. Retrieved 2015-05-25.

[PSP-8] McNulty, John (13 December 2018). "Pet Supplies Plus Switches Sponsors". Private Equity Professional. Retrieved 7 April 2020.

[ppn-9] "Pet Supplies Plus Acquired by Private Equity Firm". Pet Product News. December 13, 2018. Archived from the original on March 10, 2019. Retrieved March 10, 2019.

[10] Hotdish (26 January 2021). "Franchise Group Inc Acquires PSP". Pet Supplies Plus Franchise Opportunity.

[11] "Pet Supplies Plus Acquired for $700 Million".

[12] Kaminsky, Andrew F. (10 March 2021). "Franchise Group, Inc. Closes on the Acquisition of Pet Supplies Plus". Globe Newswire.

[13] "B. Riley-Backed Franchise Group Prepares to File for Bankruptcy". Bloomberg Law. November 2, 2024. Retrieved November 3, 2024.

[14] "Vitamin Shoppe Owner Franchise Group Filing for Bankruptcy". PYMNTS. November 3, 2024. Retrieved November 3, 2024.

[1]

[2]

[3]

[4]

[5]

[6]

[7]

[8]

[9]

[10]

[11]

[12]

[13]

[14]

@@ Line 1: / Line 1: @@
 {{Short description|Pet supply retailing corporation}}
 {{Infobox company
-| name               = [https://petgotsupplies.com/ Pet Supplies] Plus
+| name = Pet Supplies Plus
-| logo               = Pet Supplies Plus logo.png
+| logo = Pet Supplies Plus logo.png
-| logo_size          = 220px
+| logo_size = 220px
-| logo_alt           =
+| logo_alt =
-| logo_caption       =
+| logo_caption =
-| logo_padding       =
+| logo_padding =
-| image              = Pet Supplies Plus Centreville OH USA.JPG
+| image = Pet Supplies Plus Centreville OH USA.JPG
-| image_size         =
+| image_size =
-| image_alt          =
+| image_alt =
-| image_caption      = A Pet Supplies Plus location in [[Centerville, Ohio]].
+| image_caption = A Pet Supplies Plus location in [[Centerville, Ohio]].
-| type               = [[Subsidiary]]
+| type = [[Subsidiary]]
-| traded_as          =
+| traded_as =
+| ISIN =
+| former_name = Pet Supplies "Plus"
-| ISIN               =
+| founder = {{plain list|
-| former_name        = Pet Supplies "Plus"
-| founder            = {{plain list|
 * Jack Berry
 * Harry Shallop
 }}
-| fate               =
+| fate =
-| area_served        = United States
+| area_served = United States
-| key_people         = Chris Rowland (CEO)
+| key_people = Chris Rowland ([[Chief executive officer|CEO]])
-| industry           = [[Retail]]
+| industry = [[Retail]]
-| products           = Pet food and supplies
+| products = Pet food and supplies
-| brands             = Various
+| brands = Various
-| production         =
+| production =
-| services           = Dog grooming, self serve dog wash, pet adoptions
+| services = Dog grooming, self serve dog wash, pet adoptions
-| revenue            = {{increase}}$2 billion
+| revenue = {{increase}}$2 billion
-| revenue_year       = 2021<ref>{{Cite web|url=https://www.forbes.com/companies/pet-supplies-plus/?sh=3b60624f3165|title = Pet Supplies Plus|website = [[Forbes]]}}</ref>
+| revenue_year = 2021<ref>{{Cite web|url=https://www.forbes.com/companies/pet-supplies-plus/?sh=3b60624f3165|title = Pet Supplies Plus|website = [[Forbes]]}}</ref>
-| operating_income   =
+| operating_income =
-| net_income         =
+| net_income =
+| assets =
-| assets             =
+| equity =
-| equity             =
+| owner =
+| parent = [[Franchise Group]] (2021-present)<ref>{{cite web |url=https://www.franchisegrp.com/ |title=Home |website=franchisegrp.com}}</ref>
-| owner              =
+| num_employees = 3,000
-| parent             = [[Franchise Group]] (2021-Present)<ref>{{cite web |url=https://www.franchisegrp.com/ |title=Home |website=franchisegrp.com}}</ref>
-| num_employees      = 3,000
 | num_employees_year = 2021
-| subsid             =
+| subsid =
-| website            = {{URL|www.petsuppliesplus.com}}
+| website = {{URL|www.petsuppliesplus.com}}
-| footnotes          =
+| footnotes =
-| foundation         = {{start date and age|1988|06}} (as Pet Supplies "Plus")<br />([[Redford, Michigan]],<br />United States)
+| foundation = {{start date and age|1988|06}}<nowiki>, in [[Redford, Michigan]], United States (as Pet Supplies "Plus")</nowiki>
-| location_city      = [[Livonia, Michigan]]
+| location_city = [[Livonia, Michigan]]
-| location_country   = U.S.
+| location_country = U.S.
-| num_locations      = 560<ref>{{Cite web|url=https://www.petsuppliesplusfranchising.com/|title=Pet Supplies Plus &#124; Own a Pet Supplies Plus Franchise|website=Pet Supplies Plus Franchise}}</ref>
+| num_locations = 560<ref>{{Cite web|url=https://www.petsuppliesplusfranchising.com/|title=Pet Supplies Plus &#124; Own a Pet Supplies Plus Franchise|website=Pet Supplies Plus Franchise}}</ref>
 | num_locations_year = 2021
 }}
-'''Pet Supplies Plus''' (also styled '''Pet Supplies "Plus"'''), founded in 1988 in [[Redford, Michigan]] in the United States, is a privately held pet supply retailing corporation with a major presence in the [[United States|US]].<ref>{{cite web|url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=10622359|archive-url=https://web.archive.org/web/20120930233146/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=10622359|url-status=dead|archive-date=September 30, 2012|title=Pet Supplies Plus/USA Inc.|publisher=[[Business Week]]|date=2010-05-16|access-date=2010-05-16}}</ref><ref>{{cite web|title=Industry Overview:Pet Stores|url=http://www.hoovers.com/pet-stores/--ID__222--/free-ind-fr-profile-basic.xhtml|publisher=[[Hoover's]]|access-date=2010-05-23|quote=Major companies include PetSmart, PETCO Animal Supplies Stores, Pet Supplies Plus, and Petland. }}</ref> As of 2005, it was the third largest specialty pet food retailer in the US.<ref name=crains>{{cite web|title=With the big dogs; Pet Supplies Plus grows to third-largest pet food specialist|url=http://goliath.ecnext.com/coms2/gi_0199-5075027/With-the-big-dogs-Pet.html|date=2005-12-05|access-date=2010-05-16|publisher=Crain's Detroit Business ([[Crain Communications]])}}</ref> The company began adding [[Franchising|franchise]] locations in the Midwest, expanding into the northeastern and southern states during the late 1990s.<ref name=crains/> As of May 2023, Pet Supplies Plus store locations consisted of over 720 stores in 36 states. Pet Supplies Plus has in-house pet food brands such as Redford Naturals.<ref name=pets>{{cite web|title=About Us|publisher=Pet Supplies Plus|url=http://www.petsuppliesplus.com/about.html|access-date=2015-05-25}}</ref>
+'''Pet Supplies Plus''' (also styled '''Pet Supplies "Plus"''') is a privately held pet supply retailing corporation with a major presence in the US.<ref>{{cite web|url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=10622359|archive-url=https://web.archive.org/web/20120930233146/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=10622359|url-status=dead|archive-date=September 30, 2012|title=Pet Supplies Plus/USA Inc.|publisher=[[Business Week]]|date=2010-05-16|access-date=2010-05-16}}</ref><ref>{{cite web|title=Industry Overview:Pet Stores|url=http://www.hoovers.com/pet-stores/--ID__222--/free-ind-fr-profile-basic.xhtml|publisher=[[Hoover's]]|access-date=2010-05-23|quote=Major companies include PetSmart, PETCO Animal Supplies Stores, Pet Supplies Plus, and Petland. }}</ref> It was founded in 1988 in [[Redford, Michigan]] in the United States. As of 2005, it was the third largest specialty pet food retailer in the US.<ref name=crains>{{cite web|title=With the big dogs; Pet Supplies Plus grows to third-largest pet food specialist|url=http://goliath.ecnext.com/coms2/gi_0199-5075027/With-the-big-dogs-Pet.html|date=2005-12-05|access-date=2010-05-16|publisher=Crain's Detroit Business ([[Crain Communications]])}}</ref> The company began adding [[Franchising|franchise]] locations in the Midwest, expanding into the northeastern and southern states during the late 1990s.<ref name=crains/> As of May 2023, Pet Supplies Plus store locations consisted of over 720 stores in 36 states. Pet Supplies Plus has in-house pet food brands such as Redford Naturals.<ref name=pets>{{cite web|title=About Us|publisher=Pet Supplies Plus|url=http://www.petsuppliesplus.com/about.html|access-date=2015-05-25}}</ref>
 ==History==
@@ Line 53: / Line 53: @@
 In December 2018, Pet Supplies Plus was acquired by [[Sentinel Capital Partners]].<ref name="ppn">{{cite web |url=http://www.petproductnews.com/News/Pet-Supplies-Plus-Acquired-by-Private-Equity-Firm/ |title=Pet Supplies Plus Acquired by Private Equity Firm |date=December 13, 2018 |publisher=Pet Product News |access-date=March 10, 2019 |archive-url=https://web.archive.org/web/20190310123747/http://www.petproductnews.com/News/Pet-Supplies-Plus-Acquired-by-Private-Equity-Firm/ |archive-date=March 10, 2019 |url-status=live}}</ref>
-In January 2021, the Franchise Group, Inc., announced it was acquiring Pet Supplies Plus,<ref>{{Cite news|url=https://www.petsuppliesplusfranchising.com/franchise-group-inc-acquires-psp/|title = Franchise Group Inc Acquires PSP| newspaper=Pet Supplies Plus Franchise Opportunity |date = 26 January 2021| author1=Hotdish }}</ref><ref>{{Cite web|url=https://www.petproductnews.com/news/pet-supplies-plus-acquired-for-700-million/article_4d508c1e-5f3e-11eb-bb9e-33fdfee82848.html|title = Pet Supplies Plus Acquired for $700 Million}}</ref> and the deal was closed on March 10, 2021.<ref>{{Cite web|url=https://www.globenewswire.com/news-release/2021/03/10/2190766/0/en/Franchise-Group-Inc-Closes-on-the-Acquisition-of-Pet-Supplies-Plus.html|title=Franchise Group, Inc. Closes on the Acquisition of Pet Supplies Plus|date=10 March 2021}}</ref>
+In January 2021, the Franchise Group, Inc., announced it was acquiring Pet Supplies Plus,<ref>{{Cite news|url=https://www.petsuppliesplusfranchising.com/franchise-group-inc-acquires-psp/|title = Franchise Group Inc Acquires PSP| newspaper=Pet Supplies Plus Franchise Opportunity |date = 26 January 2021| author1=Hotdish }}</ref><ref>{{Cite web|url=https://www.petproductnews.com/news/pet-supplies-plus-acquired-for-700-million/article_4d508c1e-5f3e-11eb-bb9e-33fdfee82848.html|title = Pet Supplies Plus Acquired for $700 Million}}</ref> and the deal was closed on March 10, 2021.<ref>{{Cite web |last=Kaminsky |first=Andrew F. |date=10 March 2021 |title=Franchise Group, Inc. Closes on the Acquisition of Pet Supplies Plus |url=https://www.globenewswire.com/news-release/2021/03/10/2190766/0/en/Franchise-Group-Inc-Closes-on-the-Acquisition-of-Pet-Supplies-Plus.html |website=Globe Newswire}}</ref>
+On November 2, 2024, Franchise Group announced that they were preparing to file for [[Chapter 11 bankruptcy]] after months of losses and turmoil caused by its owner, [[B. Riley Financial]]. HPS Investment Parters, a private equity firm, amongst other lenders, will take over the company once the restructuring is completed.<ref>{{Cite web|url=https://news.bloomberglaw.com/bankruptcy-law/b-riley-backed-franchise-group-prepares-to-file-for-bankruptcy|title=B. Riley-Backed Franchise Group Prepares to File for Bankruptcy|date=November 2, 2024|access-date=November 3, 2024|website=Bloomberg Law|language=en}}</ref> On November 3, 2024, Franchise Group and all of its affiliated subsidiaries filed for Chapter 11 bankruptcy protection in Delaware. The company plans to keep Pet Supplies Plus open during the procedure.<ref>{{Cite web|url=https://www.pymnts.com/news/retail/2024/vitamin-shoppe-owner-franchise-group-filing-for-bankruptcy/|title=Vitamin Shoppe Owner Franchise Group Filing for Bankruptcy|date=November 3, 2024|access-date=November 3, 2024|website=PYMNTS|language=en}}</ref>
 ==References==
@@ Line 69: / Line 71: @@
 [[Category:Pets in the United States]]
 [[Category:2021 mergers and acquisitions]]
+[[Category:Companies based in Wayne County, Michigan]]
+[[Category:Companies that filed for Chapter 11 bankruptcy in 2024]]

v t e Pet stores
United States	East Bay Vivarium Pet Food Express Pet Supplies Plus Petco Petland Petland Discounts PetSmart
United Kingdom	Pets at Home Pets Corner VetUK
Australia	City Farmers My Pet Warehouse Petbarn Pet Circle
Germany	Fressnapf Zooplus Zoo Zajac
Elsewhere	Animates (New Zealand) Pet Lovers Centre (Singapore) Petcetera (Canada)
Category