Pedigree Wholesale Rescues 18 Just For Pets Stores

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Pedigree Wholesale rescues 18 Just for Pets stores
11th October 2017

By Karen Pickwick

The future of specialist pet retailer Just for Pets has been secured after the acquisition of the business yesterday (Tuesday) by newly-formed company PSR Trading Limited, a sister company to established business Pedigree Wholesale.
 
The deal enables Just for Pets to be rescued from administration and to maintain employment of nearly 200 staff from its head office and store operations in 18 locations across the country. Seven stores will not be maintained, however, and these staff have been issued with redundancy notices.
 
The acquisition was driven by Pedigree Wholesale’s commitment to support a strong pet retail market offer for consumers and maintain the presence of specialist pet retailers on the high street and in retail locations across the country, a spokesman said.
 
In addition to safeguarding the future of the business, Pedigree Wholesale says it will work closely with Just for Pets to ensure stock continuity together with investment to ensure the ongoing development of the retail chain’s product range. Day-to-day management of Just for Pets will continue under the direction of its existing operational team, who will continue to focus on ‘customer engagement, staff development and instore activity’.
 
As part of the acquisition process, it was determined that with regret, seven stores could not be maintained and employees based at these stores have been issued with redundancy notices by the administrator appointed by previous owner Just for Pets Ltd.
 
Steve Brown, MD of Pedigree Wholesale, said: “On hearing that the future of Just for Pets was under threat Pedigree Wholesale felt we could play a role in using our pet business expertise to secure a new future for the business.  We know Just for Pets has a great reputation for offering outstanding customer service and has developed a loyal customer base so we are pleased that Pedigree Wholesale can now create a future for the business and the brand.”

COMMITMENT TO INVESTING
 
“The addition of Just for Pets to the Pedigree Wholesale family reinforces our commitment to investing and driving innovation within the pet sector which we believe will support the interests of all who have a stake in the continued success of our industry.  We remain committed to developing our core wholesale business and expect to announce further significant investment which will directly support all of our wholesale customers.”
 
The 18 stores that will continue to be operated by PSR Trading Ltd are confirmed as Bristol, Bromsgrove, Cambourne, Cambridge, Coventry, Droitwich, Evesham, Kidderminster, Long Eaton, Malvern, Maypole, Northfield, Nuneaton, Stourbridge, Swadlincote, Telford, Wolverhampton and Worcester.
 
Existing Just for Pet stores in the following locations will no longer operate as part of PSR Trading: Bessie & Boo (Evesham), Burton upon Trent, Northampton, Nottingham, Reading, Wellington and Yardley.

Just for Pets Ltd was previously owned and operated by agricultural business Wynnstay Group plc.

Currently PetQuip Business of the Year, Pedigree Wholesale is one of the leading distributors of pet and aquatic products into the UK independent retail sector. Since being founded 45 years ago, the family business has grown and developed into a key player in the pet industry, offering a range of more than 12,500 products servicing pet, aquatic and garden centre retailers across the UK via five regional warehouses.


Pet industry reacts to Just for Pets acquisition. What do you think? See our trade-only forum:

www.petbusinessworld.co.uk/board/threads/wholesalers-moving-into-retail-outlets.2108/