Pet Supplies Plus Inks Deal With Multi-Brand Entrepreneurs For 29 Wag N' Wash Stores

Pet Supplies Plus Inks Deal With Multi-Brand Entrepreneurs For 29 Wag N' Wash Stores
  • Pet Supplies Plus, a subsidiary of Franchise Group Inc FRG, said their largest multi-unit operator, US Retail Holdings, signed a deal to purchase 29 Wag' N Wash stores. The financial details were not disclosed.
  • This agreement follows their previous development announcement to open 20 additional Pet Supplies Plus stores over the next five years.
  • Over the next four years, most Wag N' Wash stores will be opened across Nashville and Dallas.
  • US Retail Holdings' business partners include Aaron Young, Chad Bush, and Doug DeLozier.
  • "This allows more neighbors to be served and existing Pet Supplies Plus owners to be first-to-market, with a specialty dog service and retail store front," said Chris Rowland, CEO of Pet Supplies Plus and Wag N' Wash.
  • Price Action: FRG shares are trading lower by 0.87% at $25.00 on the last check Tuesday.
  • Photo Via Wikimedia Commons

Posted In: BriefsM&ANewsSmall CapGeneral