Olivia Hooper & David Palacios Rubio
The acquisitions driving the pet industry forward
As 2024 starts to take shape, what will be the impact of some of the sizeable investments in different parts of the sector and the globe last year?
South Korea wants more players in the pet insurance market
It is believed that less than 1% of the pet population is insured in the East Asian country.
Diving into the fiscal year-end finances of pet firms
While inflation and less consumer spending have resulted in some players trading down their yearly guidance, others are optimistic. GlobalPETS learns more.
How Musti ramped up business by 9.5% in a year
A few days after the announcement of a bid to acquire the company, the Nordic pet retailer shares more about its yearly performance.
Europe proposes new rules on the welfare and traceability of pets
Brussels wants to set harmonized European standards and to control further the online trade of animals. GlobalPETS learns more.
From profit to loss: Chewy’s Q3 in a nutshell
The online pet retailer increased sales by 8.2% but slightly reduced its full-year guidance.
Portuguese multinational bids €868 million to acquire Musti Group
Sonae values the Nordic pet retailer's "solid omnichannel proposition.”
Pets at Home: key half year to cement future business growth
The British pet retailer has transitioned all store logistics to a new fulfillment center and maintains yearly guidance.
Post Holdings pet portfolio hits yearly sales of $680 million
The American consumer packaged goods holding attributes the positive trend to the recently acquired J.M. Smucker pet food brands.
Fressnapf acquires Dutch retailer Jumper
The German firm wants to strengthen its footprint in the Netherlands as part of a European expansion plan.
Food and consumables remain strong sales pillars for Musti
The Finnish pet retailer admits the continued volatile trend of discretionary items but is optimistic for the rest of the year.
Is Hill’s gaining momentum?
The Colgate-Palmolive subsidiary surpassed $1 billion in quarterly sales and announced the opening of a new factory. However, there has been a slight decrease in profit.
Malta: a step closer to regulating pet groomers, sitters and breeders?
The Mediterranean archipelago wants to create a compulsory register for local pet professionals to achieve a “quality mark for service excellence.”
New Animal Welfare Law enters into force in Spain
The local pet industry warns that some provisions, such as the sales ban on cats and dogs in pet stores, will impact business.
A lower VAT rate to tackle price spikes?
The industry is calling for a temporary solution to inflationary pressure, while experts examine whether end consumers will benefit from reduced VAT.
Fostering innovation thanks to university partnerships
Small scale pet firms see in the academic world an opportunity to boost their business.
Investments that are driving the pet industry
A deep dive into the most significant capital injections and M&A in the pet industry worldwide in the first half of 2023.
Symrise: overall decline, pet food segment records growth
The German firm hopes to “strategically strengthen” its pet food portfolio in the near future.
Central’s pet business stays at $500 million
Net sales remained nearly flat in the 3 months due to lower demand.
Pet food suffers the biggest price hike across Nestlé’s businesses
The category sees 9% revenue growth in the first half of 2023.
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