In This Issue
Warning about e-cigarettes and dangers to pets
Pets At Home workers could pick up £240k each from flotation
Scampers educates confused owners after Channel 5 programme
Revenue-generating dental range from Beaphar
First there was Fish4Dogs...now there's Fish4Cats
TV star David Tennant narrates new Dogs Trust advert
Pedigree refreshed the packaging of its leading range of dog treats
New code of practice launched to encourage responsible pet ownership
Amazing finalists named for Crufts 2014 Dog Heroes contest
Book early for funded spaces at overseas pet trade exhibitions
Kennel Club Charitable Trust opens Flood Fund for dogs
Plan for pet shop at illegal puppy farm site thrown out by town council chiefs
Portrait of 2013 Best in Show winner to be presented at Crufts
£2,000 snatched from West Sussex pet shop
Poundstretcher aims to muscle into petcare market
Barking Heads and Meowing Heads now available through Vital Pet Products
OATA heralds review of Live Import of Fish Act as a good outcome for the industry
Revamped bird hide launch a success
Ceva launches puppy blog on Adaptil website
Gundog breeder Maddi Burchell joins Veterinary Thermal Imaging for Kent
REACH A WIDER AUDIENCE
Pet Trade Xtra – Circulation Report 2013
  • Total e-mails sent:  355,576
  • Issues published:  47
  • Unique readers (e-mail openers):  5,077
  • Average openings per issue:  2,051
  • Average page views per month:  13,576

Source: Newsweaver Reports

Top 25 stories of 2013
Click on the headlines below to read the most read stories from Pet Trade Xtra 2013

1. Profitable Lincolnshire pet store is closing down
2. Finalists of new industry awards revealed
3. Telford pet shop closes down on the spot
4. Bespoke pet furniture firm seeks retail outlets
5. The Giant Pet Store in Norfolk goes into administration
6. RRPs should be protected, says pet shop
7. Poundstretcher expands its pet business
8. Leading vet responds to claims by dog behaviourist
9. Taking on the giants of the pet food industry
10. Small Irish firm is a big player in the dog treat market
11. Award-winning Just for Pets aims to open more stores
12. Pressure from retail giants and the internet force pet shop to close down
13. Hundreds of UK pet shops selling inadequate hutches
14. Secrets of success of an award-winning pet store
15. Sales grow for ‘natural pet store’ that refuses to stock food from major suppliers
16. Vets should share some of the blame for falling pet welfare standards
17. Dog Rocks stop supplying Amazon Retail
18. Seahorse Atlantic and Soopa share winning formula
19. Pet GPS device sets its sights on Europe
20. Pure Pet Food is an instant hit
21. Pet retailers react to Crown's distribution move
22. Divided opinion among some retailers
23. Lancashire pet shop to close down at the end of the month
24. Dragon's Den star backs Southampton pet firm
25. Mars Petcare looks to close Peterborough factory

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Pets At Home workers could pick up £240k each from flotation
General public offered chance to buy shares in the company

Pets-at-Home-dog-jumping-001

Pets at Home is to offer employees and the general public a chance to buy shares ahead of the retailer's £1.2bn flotation on the London Stock Exchange.

Around 500 senior employees, from chief executive Nick Wood down to some store managers, already own 10% of the company, potentially handing them a £120m windfall when the company joins the public markets next month.

But all employees will be offered the chance to apply for guaranteed parcels of shares worth up to £750 giving them rights ahead of institutional investors. Pet-loving members of the public will also be able to apply for shares worth a minimum of £1,000 each.

NickWood-Large"We believe its important to have as wide a shareholder base as possible. Our colleagues and customers love Pets at Home and have a common bond, an emotional bond with our business," said Wood (pictured left).

The former American Golf boss, whose twin daughters own twin Bichon Frisé dogs, said Pets at Home's 6,000 employees own 23,000 pets between them. "That gives you a feel for how much we love pets," he said.

The UK's biggest pet retailer with 369 stores, 246 vet surgeries and 116 in-store grooming salons is majority owned by US private equity firm KKR. 

Pets at Home will seek to raise £275m from issuing new shares in order to pay down debt so that it will join the market with net debt of the same amount. That will take its total enterprise value to £1.5bn.

Wood shrugged off suggestions that Pets had been squeezed for profits by its backers, saying £120m had been invested in the business in the four years KKR had held the keys.

"If you look at KKR's investment history in our business it has been significant," he said. "I think we have got a unique story and a unique growth opportunity that every investor needs to look at. That opportunity is about store growth and growth of services such as vets and pet groomers."

The retailer, which was founded in 1991, is aiming to open 131 stores, more than 400 more vets surgeries and nearly 200 more grooming parlours as it takes advantage of Brits' increasing desire to pamper their pets. The £5.4bn pet market, including food, accessories and services has grown at a rate of 2.6% a year over the last five years while Pets at Home has grown to take 12% of that market. In the 40 weeks to January 2, revenues rose 11%.7% year on year or 2.4% if the benefit of new store openings is stripped out. Underlying earnings also rose 1% to £87m.

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