In This Issue
Dog cafés are the latest trend to hit the pet industry
KKR could claw £200m from Pets at Home stock market flotation
ORIJEN signs exclusive deal with Vital
Getting the most from a visit to PATS Sandown
Exclusive freezer deals from Natural Instinct at PATS Sandown
More exclusive show offers at PATS Sandown
SureFlap to unveil new selective microchip feeder called SureFeed
Campaign launched to protect aquatic industry from Euro threat
Dates and venue announced for AQUA 2015
Amazing year for Natures Menu as award-winning firm returns to Crufts
Natures Menu hold UK’s first seminar on raw feeding for veterinary students
New £1 Treat Pocket Packs from Pooch & Mutt
Offers of help pour in to support pet rescue centre closed by RSPCA
Six special Scruffts ready for Crufts final
Further £1.6 million committed to improving dog health
Interpet adds colour to aquariums with new LED lighting range
Dog owner run over as he tries to stop thief stealing car and pet
REACH A WIDER AUDIENCE
Pet Trade Xtra – Circulation Report 2013
  • Total e-mails sent:  355,576
  • Issues published:  47
  • Unique readers (e-mail openers):  6,647
  • Average opening rate each issue:  28%
  • Average page views per month:  13,902

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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KKR could claw £200m from Pets at Home stock market flotation



The £1.3bn stock market listing of Pets at Home could reap more than £200m for private equity firm KKR.

If there is strong demand for shares in the specialist retailer, some £209m will be returned to existing shareholders. While KKR owns about 85% of the company, the management team are in line for cash and share payments worth more than £20m, according to the firm's prospectus.

KKR's payout could rise further as it will release another tranche of shares if the offer is oversubscribed. After the windfall KKR will still be left with a minority stake in the retailer worth hundreds of millions.

On Friday the retailer said its shares would be priced at between 210p and 260p each, implying a market capitalisation of between £1.05bn and £1.3bn.

If there are buyers at the top end of that price band its chief executive Nick Wood intends to sell a tranche of shares worth £4.8m while retaining a 1.1% stake worth £14.3m. Chairman Tony DeNunzio will crystallise £2.8m while Ian Kellett, its finance director, will collect £3.6m.

Sally Hopson, the customer and people director, stands to collect £2.9m while commercial director Peter Pritchard and Phil Hackney, the logistics director, will get £2.8m and £1.8m respectively.

The payday is on top of a £130.4m dividend shared among shareholders last year. It was the first payment since KKR bought the company for £995m in 2010.

A group of around 500 middle managers own approximately 10% of the company and are being allowed to cash in.

Pets at Home, which has 371 stores, made a pre-tax profit of £41.3m on sales of £515.1m in the 40 weeks to 2 January, according to the report, with like-for-like sales up 2.4%. The price of the shares will be set on March 13 with trading due to start the following week.

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