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Who owns Chewy? (PetSmart, Amazon)

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Who owns Chewy?

At the forefront of the pet food and accessories market, Chewy has established itself as a leading destination for pet owners. With a remarkable track record, Chewy has not only gained popularity but has also become a trusted name among pet enthusiasts.

As the go-to online retailer for pet-related products, Chewy offers a wide range of options, ensuring that pet owners find everything they need conveniently in one place.

Now, the question arises: Who owns this extraordinary brand? The future implications of Chewy’s ownership are also a topic of great interest. In the following sections, we will delve into the history of Chewy, explore its ownership journey, and shed light on the notable stakeholders who play a significant role in shaping the brand’s future.

Who owns Chewy ( A short answer)

Chewy is owned by BC Partners, a private equity firm that acquired a majority stake in the company. BC Partners has been the owner of PetSmart since 2014 and gradually became the majority stakeholder in Chewy after PetSmart transferred its ownership shares.

Notable shareholders in Chewy include Baillie Gifford & Co, Morgan Stanley, Fidelity Investments, Brown Advisory, Vanguard Group, Macquarie Group, Wellington Management Group, Goldman Sachs, and Bank of America. These shareholders hold significant positions in the company and contribute to Chewy’s ongoing success.

 The History of Chewy – From Humble Beginnings to Prominent Success

The history of Chewy is marked by its humble beginnings and its rapid rise to prominence in the pet industry. The company was founded in 2011 by  Ryan Cohen and Michael Day, who recognized the need for a convenient and comprehensive online platform for pet supplies.

With a vision to revolutionize the way pet owners shopped, Chewy entered the market with a mission to provide exceptional service and top-quality products.

Since its inception, Chewy has experienced exceptional growth and success. From 2015 to 2023, the company’s annual revenue has consistently increased year after year. In 2015, Chewy reported revenue of $250 million, which grew to $4.85 billion in 2019, and continued to soar to $7.15 billion in 2020.

This remarkable revenue growth showcases Chewy’s strong position in the market and its ability to meet the ever-growing demand for pet products.

But the story of Chewy’s ownership goes beyond its early days. In 2017, PetSmart, a well-known pet retail giant, acquired Chewy for a staggering $3.35 billion, sparking a new chapter in the brand’s journey.

The acquisition brought together the resources and expertise of both companies, paving the way for further expansion and innovation.

PetSmart’s decision to dilute its share in the business came in 2018 when 20% of its ownership stake was transferred to the private equity firm BC Partners, which has held ownership of PetSmart since 2014.

Additionally, 16.5% of the ownership was transferred to an unrestricted subsidiary in the same year. These strategic moves set the stage for significant developments in the future.

“Chewy’s Ownership and Shareholder Composition”

Chewy, symbolized as CHWY on the New York Stock Exchange, has witnessed an interesting journey in terms of ownership and shareholder composition. While PetSmart initially held the majority stake, it gradually divested its remaining shares, paving the way for BC Partners, a well-established private equity firm that has been the owner of PetSmart since 2014, to emerge as the new majority stakeholder in Chewy.

Beyond BC Partners’ significant involvement, Chewy boasts an impressive lineup of notable shareholders who have recognized the company’s potential and success. Baillie Gifford & Co holds a substantial 13.3 million shares, signifying their confidence in Chewy’s future prospects.

Joining them are prominent financial institutions such as Morgan Stanley, Fidelity Investments, Brown Advisory, Vanguard Group, Macquarie Group, Wellington Management Group, and Goldman Sachs, all with their respective holdings in Chewy.

Notably, Bank of America also joins this esteemed group as a shareholder, further validating Chewy’s position as an attractive investment opportunity.

The diversified ownership structure of Chewy reflects the confidence and support it has garnered from various industry leaders and institutional investors. This broad base of shareholders further solidifies Chewy’s position as a leading player in the pet market, with a strong foundation for future growth and innovation.

Is Chewy owned by Amazon?

Contrary to popular belief, Chewy is not owned by Amazon. Instead, Chewy stands as a strong competitor to this retail giant. With its specialized focus on the pet market, Chewy has carved out a unique position and established itself as a preferred choice for pet owners.

While Amazon has made efforts to enhance its presence in the pet industry, Chewy’s commitment to exceptional customer service, extensive product selection, and personalized shopping experiences set it apart.

Is Chewy owned by Walmart?

No Chewy is not owned by Walmart. While Chewy and Walmart are not directly connected through ownership, they are fierce competitors in the pet space. Walmart has launched WalmartPetRx, a platform that offers a range of pet medications and healthcare products to cater to the needs of pet owners.

WalmartPetRx aims to provide convenience and accessibility to pet owners seeking pharmaceutical products for their beloved companions. However, it is worth noting that Chewy’s strong reputation, extensive product selection, and specialized customer service continue to position it as a preferred choice among pet owners.

In comparing Chewy and WalmartPetRx, it becomes clear that while both platforms offer pet-related products, Chewy’s comprehensive range of offerings, personalized shopping experience, and commitment to outstanding customer service give it a competitive edge.

Chewy’s success story and its ability to create a loyal customer base reflect its unwavering dedication to the needs of pet owners.

FAQs(Frequently Asked Questions)

Q:Who owns Chewy?

Chewy is owned by BC Partners, a private equity firm that acquired a majority stake in the company.

Q:Who are the notable shareholders of Chewy?

Notable shareholders in Chewy include Baillie Gifford & Co, Morgan Stanley, Fidelity Investments, Brown Advisory, Vanguard Group, Macquarie Group, Wellington Management Group, Goldman Sachs, and Bank of America.

Q:What was the acquisition deal between Chewy and PetSmart?

In 2017, PetSmart acquired Chewy for $3.35 billion. This acquisition brought together the resources and expertise of both companies, enabling further expansion and innovation.

Q:How has Chewy's revenue grown over the years?

Chewy’s annual revenue has consistently increased, from $250 million in 2015 to $7.15 billion in 2020, demonstrating its strong position in the market.

Q:How does Chewy compare to WalmartPetRx?

Chewy and WalmartPetRx are competitors in the pet industry. While WalmartPetRx offers pet medications and healthcare products, Chewy’s comprehensive range of offerings, personalized shopping experience, and outstanding customer service give it a competitive edge over WalmartPetRx

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