That was the question being asked throughout the pet trade this week after the shock announcement that parent company Wynnstay had put Just for Pets into the hands of administrators.
There are 25 pet stores affected and the administrators are sure to be investigating the possibility of finding a buyer for them.
Wynnstay director Paul Godwin said: “The Just for Pets stores will remain operational and we would like to reassure everyone that every effort is bring made to achieve the best outcome for all stakeholders.”
He added: “We will work closely with all advisers involved in the process in order to preserve as much value as possible in the business, and we hope that the current uncertainty will be resolved promptly, and with minimal impact for all.”
Is it possible that a buyer can be found for Just for Pets? But that might prove tricky as it’s understood Wynnstay tried to find a new owner for the pet business before putting it into administration.
The company said: “Discussions and negotiations with a number of interested parties have been held but have not concluded with any acceptable offers.”
Whether any of these parties are still ‘interested’ remains to be seen.
With 25 stores, Just for Pets is the fifth biggest UK pet retail chain behind Pets at Home, Pets Corner, the Pet Hut and Jollyes.
