Free Subscription

  • Access daily briefings and unlimited news articles

Premium

Only $39.95 per year
  • Quarterly magazine and digital
  • Indepth executive interviews
  • Unlimited news and insights
  • Expert opinion and analysis

Old dog, new tricks: Why Woolies invested in PetStock

At the end of last week, supermarket giant Woolworths made a play at the pet world: dropping $586 million on PetStock owner Petspiration. The move will see Woolworths acquire 55 per cent of the business, and deepen its investment into the pet industry – having already launched its own online-only pet business Pet Culture in 2021.  Woolworths’ managing director and CEO Brad Banducci told investors the category is “highly complementary” to its existing food and everyday needs businesses,
Just for$39.95per year