The pet products retailer
The float is expected to trigger a £120m windfall for its staff, 500 of whom own a 10% stake in the business.
On Tuesday, the discount retailer Poundland announced float plans that will turn its owners into multimillionaires. Senior managers at the discounter are in line for a £175m cash-and-shares windfall after the company confirmed it was working on a
KKR and certain other shareholders, along with members of the management team, may also sell part of its stake in the business through the repayment of shareholder loans and a sale of new shares.
Founded in 1991, the firm trades from 369 stores across the
It wants more than 500 UK stores, 700 veterinary practices and 300 groom rooms in the medium term.
In the 40 weeks to
The listing of
He added: "We have delivered consistently strong financial growth, and since 2009 we have gained share across all segments of the market."
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