Are you after a diamanté cat collar? Need to get your labrador’s cholesterol levels checked? Fancy giving your dachshund a blow dry?
Look no further: Pets at Home, Britain’s biggest pet store, is the one-stop shop for all your animal needs.
Since the private equity behemoth KKR floated it on the stock market in early 2014, priced at 245p a share, it has been on a bold expansion spree. The chain now has almost 450 “superstores” across the UK, up from 431 a year ago.
Its approach is simple: it builds stores, then sets up veterinary labs and grooming parlours on site. This allows it to combine higher-margin services revenues, from vets and grooming, with lower-margin sales of food. Its “disciplined” expansion is not stopping