Supermarket chain Woolworths is set to acquire a 55 per cent stake in pet food and services company Petspiration Group, for a price of $586 million. <\/p>\n\n\n\n
Petspiration is the owner of retail brand PETstock, which has 276 outlets across Australia and New Zealand. <\/p>\n\n\n\n\n\n\n\n
The Woolworths move follows a sell-down of the supermarket chain\u2019s stake in alcohol retailers, including Dan Murphy\u2019s. <\/p>\n\n\n\n
Woolworths CEO Brad Banducci told The<\/em> Sydney Morning Herald<\/em> that the animal care sector stretches beyond the pet food varieties found in supermarkets, and that market research indicates new possibilities for engaging owners of larger animals. <\/p>\n\n\n\n \u201cI\u2019ve certainly come to understand that as you get out to country Australia, there are many, many other pets that people have a high affiliation (with) and very different needs for those pets,\u201d he said. <\/p>\n\n\n\n \u201c[For instance] I have become pleasantly surprised by just how passionate the horse community is.\u201d <\/p>\n\n\n\n SAM WORRAD<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Supermarket chain Woolworths is set to acquire a 55 per cent stake in pet food and services company Petspiration Group, for a price of $586 million. Petspiration is the owner of retail brand PETstock, which has 276 outlets across Australia and New Zealand. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[664,5],"tags":[694,113,2455,2456,2454],"class_list":["post-3189","post","type-post","status-publish","format-standard","hentry","category-business","category-news","tag-business-2","tag-news-2","tag-petstock","tag-purchase","tag-woolworths"],"rise-blocks_total_comments":0,"rise-blocks_categories":[{"term_id":664,"name":"Business","slug":"business","term_group":0,"term_taxonomy_id":666,"taxonomy":"category","description":"","parent":0,"count":18,"filter":"raw","cat_ID":664,"category_count":18,"category_description":"","cat_name":"Business","category_nicename":"business","category_parent":0},{"term_id":5,"name":"News","slug":"news","term_group":0,"term_taxonomy_id":5,"taxonomy":"category","description":"","parent":0,"count":398,"filter":"raw","cat_ID":5,"category_count":398,"category_description":"","cat_name":"News","category_nicename":"news","category_parent":0}],"rise-blocks_excerpt":"Supermarket chain Woolworths is set to acquire a 55 per cent stake in pet food and services company Petspiration Group, for a price of $586 million. Petspiration is the owner of retail brand PETstock, which has 276 outlets across Australia and New Zealand. ","blog_post_layout_featured_media_urls":{"thumbnail":"","full":""},"categories_names":{"664":{"name":"Business","link":"https:\/\/theveterinarian.com.au\/?cat=664"},"5":{"name":"News","link":"https:\/\/theveterinarian.com.au\/?cat=5"}},"tags_names":{"694":{"name":"business","link":"https:\/\/theveterinarian.com.au\/?tag=business-2"},"113":{"name":"news","link":"https:\/\/theveterinarian.com.au\/?tag=news-2"},"2455":{"name":"PETstock","link":"https:\/\/theveterinarian.com.au\/?tag=petstock"},"2456":{"name":"purchase","link":"https:\/\/theveterinarian.com.au\/?tag=purchase"},"2454":{"name":"Woolworths","link":"https:\/\/theveterinarian.com.au\/?tag=woolworths"}},"comments_number":"0","wpmagazine_modules_lite_featured_media_urls":{"thumbnail":"","cvmm-medium":"","cvmm-medium-plus":"","cvmm-portrait":"","cvmm-medium-square":"","cvmm-large":"","cvmm-small":"","full":""},"_links":{"self":[{"href":"https:\/\/theveterinarian.com.au\/index.php?rest_route=\/wp\/v2\/posts\/3189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theveterinarian.com.au\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theveterinarian.com.au\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theveterinarian.com.au\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theveterinarian.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3189"}],"version-history":[{"count":1,"href":"https:\/\/theveterinarian.com.au\/index.php?rest_route=\/wp\/v2\/posts\/3189\/revisions"}],"predecessor-version":[{"id":3190,"href":"https:\/\/theveterinarian.com.au\/index.php?rest_route=\/wp\/v2\/posts\/3189\/revisions\/3190"}],"wp:attachment":[{"href":"https:\/\/theveterinarian.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theveterinarian.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theveterinarian.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}