Musti ja Mirri to acquire Swedish retailer Grizzly Zoo
Mar 23, 2012
Leash Holding Oy, the parent company of Musti ja Mirri Oy, and the Swedish firm Pet Pals Holding Sverige AB, operating under the Grizzly Zoo brand, have signed an agreement under which Leash Holding Oy will acquire 100 per cent of the company’s shares. No changes to the Grizzly Zoo concept or brand are foreseen following the acquisition. Combined, Musti ja Mirri and Grizzly Zoo have a total of 112 stores, annual sales of around EUR 70 million, and around 400 employees.
Musti ja Mirri is a pet product retail chain established in 1988. The chain has 103 stores all over Finland. Its annual sales total € 55 million and the workforce numbers around 300 employees. Grizzly Zoo was established in 2006. The chain operates nine stores in Sweden as well as an online shop launched in 2011. The chain’s net sales total around EUR 10 million.
