With the rise of online shopping, e-commerce giants like Amazon have become household names. One popular online retailer in the pet industry is Chewy. But there seems to be some confusion surrounding the ownership of Chewy and its relationship with Amazon. In this article, we will delve deep into the question, “Does Amazon own Chewy?” and provide you with all the information you need to know. So, let’s get started!
Chewy: The Online Pet Retailer
Before we address the main question, let’s first introduce Chewy and give you a bit of background information. Chewy, Inc. is an American online retailer of pet food and other pet-related products. Founded in 2011 by Ryan Cohen and Michael Day, it has grown to become one of the leading companies in the industry.
Headquartered in Plantation, Florida, Chewy offers a wide range of pet supplies, including food, toys, accessories, and medications. With a user-friendly website and a commitment to excellent customer service, Chewy has gained a loyal customer base and has been successful in the highly competitive pet market.
The Acquisition by PetSmart
In May 2017, Chewy made headlines when it was acquired by PetSmart, a major pet retail chain in the United States. PetSmart, which was founded in 1986, operates over 1,600 stores and has a strong presence in the offline pet retail market.
But what does this acquisition mean for Chewy? Does it imply that Amazon now owns Chewy? The answer is no. Despite the acquisition, Amazon does not own Chewy. Instead, Chewy remains a subsidiary of PetSmart.
Chewy and Amazon: Competitors in the Marketplace
While Amazon does not own Chewy, the two companies are indeed competitors in the online pet retail market. Both Amazon and Chewy offer similar products and services, aiming to meet the needs of pet owners worldwide.
With its vast online platform and extensive product inventory, Amazon poses stiff competition for Chewy. The e-commerce giant’s reach and resources make it a formidable player in the industry. However, Chewy has carved out its own niche by focusing specifically on pet-related products and providing exceptional customer service.
The Founder’s Inspiration from Amazon
It is worth mentioning that the founder of Chewy, Ryan Cohen, drew inspiration from Amazon in building his own business. Cohen has openly stated that he used Jeff Bezos’s 1997 letter to shareholders as a roadmap for growing Chewy.
By studying Amazon’s customer-centric approach and emphasis on long-term growth, Cohen was able to shape Chewy’s strategy and create a company that puts its customers first. This approach has undoubtedly contributed to Chewy’s success and its ability to compete with giants like Amazon.
Debunking the Ownership Myth
Despite the persistent rumors and confusion, it is essential to clarify that Amazon does not own Chewy. While it is possible that Amazon may have a stake in Chewy through stock ownership, the majority stakeholder remains BC Partners, a private equity firm.
It is crucial not to conflate the stock ownership or competition between Chewy and Amazon with actual ownership. Chewy operates independently under the ownership of PetSmart, and Amazon’s involvement is purely in the form of competition in the online pet retail market.
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Conclusion
In conclusion, it is clear that Amazon does not own Chewy. Despite their status as competitors in the online pet retail market, Chewy remains a subsidiary of PetSmart. The acquisition by PetSmart in May 2017 shifted the ownership of Chewy, but Amazon’s involvement is limited to competition rather than ownership.
As a pet owner, you have plenty of options when it comes to purchasing pet supplies online. Chewy and Amazon are just two of the many platforms available. When choosing where to shop, consider factors such as product selection, customer service, and overall convenience.
Remember, even though Amazon does not own Chewy, both companies strive to provide pet owners with the products they need to keep their furry friends happy and healthy. So, whether you choose Chewy or Amazon, rest assured that you will find a wide range of pet products to meet your needs.
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Happy shopping, pet lovers!
