A UK based pet chain with 25 stores is to be placed into administration. The information was released in an update made by Just for Pets’ owner, Wynnstay.
The predominantly Midlands-based stores announced that changes in consumer buying habits, greater costs and new sources of competition have led to losses.
Ken Greetham, chief executive of Wynnstay, commented: “This has been an extremely difficult decision to make and we are saddened by the announcement of the Notice of the Intention to Appoint Administrators for the Just for Pets business.
“Having thoroughly investigated and pursued other options, it has been concluded that this was the correct path to take, both for Just for Pets and Wynnstay, given the difficult circumstances in which JfP has found itself in recent years.
“We will be working closely with advisers to ensure that Just for Pets employees, customers, suppliers and Wynnstay shareholders are best served.”