Pet Supplies Plus
Pet Supplies Plus is a privately held pet supply retailing corporation with a major presence in the United States. Founded in 1988 in Redford, Michigan, U.S., it has in-house pet foods such as Redford Naturals.
As of 2005, it was the third largest specialty pet food retailer in the US. The firm began adding franchise locations in the Midwest, expanding into the northeastern and southern states during the late 1990s. As of May 2023, Pet Supplies Plus store locations consisted of over 720 stores in 36 states.
History
Pet Supplies Plus was founded in 1988 by Harry Shallop and Jack Berry, in Redford, Michigan. In 2018, the company was acquired by Sentinel Capital Partners.In January 2021, the Franchise Group, Inc. announced it was acquiring Pet Supplies Plus, and the deal was closed on March 10.
On November 2, 2024, FGI announced that they were preparing to file for Chapter 11 bankruptcy after months of losses and turmoil caused by its owner, B. Riley Financial. HPS Investment Partners, a private equity firm, amongst other lenders, will take over the company once the restructuring is completed.
On November 3, Franchise Group and all of its affiliated subsidiaries filed for Chapter 11 bankruptcy protection in Delaware. The company plans to keep Pet Supplies Plus open during the procedure.