Best in Show: PetSmart to Acquire Chewy in Record Breaking Deal

This week, PetSmart announced its intention to acquire fast-growing pet food and product site Chewy.com in a deal alleged to fetch $3.35 billion, surpassing Walmart’s $3.3 billion purchase of Jet.com to become the biggest e-commerce deal ever. What makes the deal even more interesting is that traditional bricks-and-mortar retailer PetSmart was itself valued at just $8.7 billion in 2015 when it was taken over by private investors. Despite this, it’s clear to... Read More