The search of pet care chain Tom&Co for a financial partner is generating a lot of interest. Three candidates are reportedly in the running.
In November last year, Tom&Co announced that it was looking for an investor to support the further international expansion of the successful retail chain. The company wants to become European market leader in its sector. According to business newspaper De Tijd, three investment funds are interested in taking a stake in the retailer: Ergon, Naxicap and Siparex.
Tom&Co has had a few good years, partly thanks to the corona crisis. During the lockdowns, more people took in pets. In 2020, the retailer had a turnover of 241 million euros with 175 stores in Belgium and France. The chain of pet care stores was founded in 1991 by Delhaize, which sold the company in 2016. Now the company is in the hands of three shareholders: CEO Thierry Le Grelle, former Delhaize and Walmart manager Lionel Desclée and Philippe Dechamps.