CALLING ALL PETSMART ASSOCIATES:
With inflation fueling skyrocketing costs, we deserve hours we can count on and a paycheck that covers the cost of living.
In 2015 Wall Street private equity firm BC Partners turned its predatory eye on PetSmart. Taking a page from the typical pirate equity playbook, BC Partners acquired PetSmart and immediately loaded it with millions in debt. Since the takeover, our wages have been stagnant, our workload has increased, and short-sighted cost cutting has robbed us of the resources we need to provide the quality pet care animals deserve. We know our stores — and what pets need — better than any Wall Street fat cat. When BC Partners loots PetSmart profits, it’s frontline pet care workers, innocent animals, and loving pet parents who pay the price. That’s why we’re speaking up. Pet care workers and pet parents must be united in calling for #PetCareOverProfits. Join us!
We tried to talk about what was going wrong in stores. BC Partners refused to listen. Innocent animals are paying the price, and PetSmart employees are forced to watch them suffer and die. This can’t go on.
Mar 2015
PetSmart Acquired
BCP takes aim at the struggling chain in one of the largest retail leveraged buyouts ever, continuing private equity’s rapid expansion into retail.
Jan 2022
Reports Surface
Reports suggest BCP may take PetSmart public in a $14B deal with a SPAC owned by KKR.