Woolworths to take majority stake in pet food retailer Petspiration
Woolworths, an Australian trans-Tasman retailer, has agreed to acquire 55% of interest in Petspiration, a pet food retailer, for an enterprise value of approximately AUD 1.7 billion, assuming net debt of around AUD 670 million. The acquisition is expected to increase Woolworths’ presence in the pet retail space. Petspiration owns and runs PETstock, a retail […]