Private equity firm TDR Capital acquires majority stake in UK's second-largest pet retailer Jollyes, enabling store expansion.

Private equity firm TDR Capital has bought a majority stake in UK's second-largest pet retailer, Jollyes, from previous owner Kester Capital. Jollyes' CEO, Joe Wykes, said the deal will allow the company to speed up its store expansion plan across the UK, aiming to take on Pets at Home. Jollyes reportedly opened around one store per month, but with the new investment, it plans to roughly double this rate.

February 28, 2024
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