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Pets at Home invest 20 mln Euro in its vets business


Jun 27, 2018
The company will invest 20 million pounds (19.75 million Euro) next year alone in its vets business, which has a core profit margin of about 34 percent compared with its retail division’s 14 percent.

The company reported falling profits in late May, sinking its shares to an all-time low, but its in-store vet business was a rare bright spot, with revenues rising 16 percent.

It is now placing its bets on vets.

It told Reuters it plans to double the number of practices it operates – mainly 50-50 joint venture partnerships with vets – to 1,000 over the next decade.

Pets At Home is one of the bigger British retail players, with a market value of about 830 million pounds. Yet its toils and tactics tell a wider story about how companies across the sector are being forced to rethink business models to plot courses out of the gloom.


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