Chewey is winning. People love pets. One of the og daytrading darlings, Pet Smart, might be back in the game.
They have a delivery deal with DoorDash to take on Chewey.
There are rumors that their owners may sell or go public with the company again.
So who owns Petsmart? Luxemburg based CVC Capital Partners which also owns SkyBet amongst others. And Canada Pension Plan Investment Board which is exactly what it sounds like, managing Canadian Pensions.
Personally I'm seeing a trend in Resurection plays: Blackberry, Kodak, Petsmart?...
What do you think? Keep an eye on this upcoming IPO. Is Petsmart looking to get a piece of the Chewey action?
Petsmart
IPO?
https://retailcustomerexperience.com/news/petco-may-be-heading-to-sale-block-or-ipo/
Door Dash Partnership . Delivery
https://prnewswire.com/news-releases/petsmart-announces-partnership-with-doordash-to-offer-same-day-delivery-301126415.html
CVC Capital Partners
https://cvc.com/about/our-firm
Canada Pension Plan Investment Board
https://cppinvestments.com
#stocks #ipo #daytrading #leo #finance #trading #chwy #chewey #petsmart #pets #investing
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