Petsmart Buys Chewy Apr 2026

By late 2016, PetSmart’s brick-and-mortar sales were sliding as customers migrated online.

The acquisition of by PetSmart in 2017 for $3.35 billion was the largest e-commerce deal in history at that time. Initially slammed by the market as a "bet-the-company" move, it is now viewed as one of the most successful private-equity turnarounds ever. 📄 Top Case Studies & Analysis Papers petsmart buys chewy

An firsthand account by Chewy founder Ryan Cohen regarding the financing and scale decisions that led to the acquisition. By late 2016

Wall Street Journal: How PetSmart Swallowed Chewy - Volition Capital petsmart buys chewy

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