Pets at Home eyes widespread practice closures as profits plummets

Pets at Home

Pet care group Pets At Home has announced plans to buy back 55 vet practices from partners and close up to 30 of them.

Chief executive Peter Pritchard said the group plans to “simplify the business” and focus on its retail stores that sell pet food, toys and accessories. In its half-year results, reported alongside the restructuring proposals, Pets at Home announced first-half profits for the year to October fell 80.4% from £40.8m to £8m at the same time last year.

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