Pet Supplies Plus

U.S. pet supply retailing corporation From Wikipedia, the free encyclopedia

Pet Supplies Plus (also styled Pet Supplies "Plus") is a privately held pet supply retailing corporation with a major presence in the United States.[5][6] Founded in 1988 in Redford, Michigan, U.S., it has in-house pet foods such as Redford Naturals.[7]

FormerlyPet Supplies "Plus"
IndustryRetail
FoundedJune 1988; 38 years ago (1988-06), in Redford, Michigan, United States (as Pet Supplies "Plus")
Quick facts Formerly, Type ...
Pet Supplies Plus
FormerlyPet Supplies "Plus"
TypeSubsidiary
IndustryRetail
FoundedJune 1988; 38 years ago (1988-06), in Redford, Michigan, United States (as Pet Supplies "Plus")
Founder
  • Jack Berry
  • Harry Shallop
Headquarters,
U.S.
Number of locations
560[1] (2021)
Area served
United States
Key people
Chris Rowland (CEO)
ProductsPet food and supplies
BrandsVarious
ServicesDog grooming, self serve dog wash, pet adoptions
RevenueIncrease$2 billion (2021[2])
Number of employees
3,000 (2021)
ParentFranchise Group (2021-2025)[3]
Fusion Parent LLC (2025-present)[4]
Websitewww.petsuppliesplus.com
Close

As of 2005, it was the third largest specialty pet food retailer in the US.[8] The firm began adding franchise locations in the Midwest, expanding into the northeastern and southern states during the late 1990s.[8] As of May 2023, Pet Supplies Plus store locations consisted of over 720 stores in 36 states.

History

Pet Supplies Plus was founded in 1988 by Harry Shallop and Jack Berry, in Redford, Michigan.[9] In 2018, the company was acquired by Sentinel Capital Partners.[10]

In January 2021, the Franchise Group, Inc. (FGI) announced it was acquiring Pet Supplies Plus,[11][12] and the deal was closed on March 10.[13]

On November 2, 2024, FGI 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 Partners, a private equity firm, amongst other lenders, will take over the company once the restructuring is completed.[14]

On November 3, 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.[15]

References

Related Articles

Wikiwand AI