Is Chewy Owned By Amazon? Unveiling The Connection

Is Chewy Like Amazon?

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Who Is Chewy Owned By?

Chewy, originally established as “Mr. Chewy” in June 2011 by co-founders Ryan Cohen and Michael Day, underwent a significant change in ownership. In 2017, the pet-focused online retailer was acquired by PetSmart, a prominent retail company with financial backing from the private equity firm BC Partners. This transition in ownership marked a pivotal moment in Chewy’s journey. Following this acquisition, Sumit Singh assumed the role of CEO for Chewy in March 2018, taking the helm and leading the company into its next phase of growth and development. This shift in leadership and ownership structure had a notable impact on Chewy’s strategic direction and market presence.

What Pet Store Is Owned By Amazon?

Amazon.com’s involvement in the pet retail industry traces back to the early days of Pets.com. Established by Greg McLemore and Eva Woodsmall, Pets.com caught the attention of various investors, including Amazon.com. In its early stages, Amazon.com made a strategic move by purchasing a significant 54% stake in Pets.com as part of the company’s first round of venture funding in 1999. The acquisition by Julie Wainwright further shaped the course of Pets.com, making it an essential player in the e-commerce pet supply market.

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Chewy is not owned by Amazon. While it’s possible that an arm of Amazon may own stock in Chewy, it is not the majority stakeholder — that would be BC Partners, the private equity company that owns PetSmart.Chewy was founded under the name “Mr. Chewy” in June 2011 by Ryan Cohen and Michael Day. In 2017, Chewy was purchased by PetSmart, a retail entity backed by private equity firm BC Partners. Sumit Singh succeeded Ryan Cohen as CEO of Chewy in March 2018.After its start by Greg McLemore and Eva Woodsmall, Pets.com was purchased in early 1999 by Julie Wainwright. Amazon.com was involved in Pets.com’s first round of venture funding, purchasing a majority 54% stake in the company.

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