The Closer: Deals Change the World cover image

S2 E3: PetSmart & Chewy: A private equity turnaround story

The Closer: Deals Change the World

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The Rise and Fall of Chewy

In BC's first year owning PetSmart, business was good. The firm managed to improve operations enough to pay itself a dividend. But by 2016, sales started to slide. At the time, Amazon was the one usually blamed for any retail woes. It turned out it wasn't Amazon but a new retailer called Chewy.com.

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