Pet store acquired by national retailer

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Pet retailer Jollyes has purchased Bannerbrook Pets in Coventry for an undisclosed sum.

Established by entrepreneurs Steve Teasdale and Andy Gattner in 2004, the Bannerbrook Pets store in Gramercy Park, Banner Lane, has built up a loyal customer following in Tile Hill.

The agreement to purchase Bannerbrook Pets is the latest move by Kester Capital-backed Jollyes to accelerate its growth plans.

It follows the acquisition in October of The Pet Store and its three locations in Yorkshire.

Richard Cotter, executive chairman of Jollyes said: “Steve and Andy have built up a fantastic business and one that has developed a dedicated customer base in the area.

“While we’ve moved quickly, the acquisition is the culmination of weeks of detailed negotiations to make sure that Steve and Andy were comfortable with the deal.

“We’re excited about this latest addition to our family which marks another big step in our growth plans and brings Jollyes to a new Midlands location.”

Bannerbrook Pets will complement Jollyes’ existing Midlands outlets in Willenhall, Cannock and Kettering.

In its most recent quarter, Jollyes delivered 21% like-for-like growth compared to the same period in 2019.

For the 12 months to May 2021, revenue increased 13% to £77m compared to 2020.