Jollyes
This coverage examines Jollyes’ strategic developments within the UK retail sector, offering insights for professionals overseeing pet retail operations, store expansion, and market positioning. It reports on the company’s accelerated growth following investment from TDR Capital, including plans to open new stores across the UK and enhance existing locations. The reporting also addresses leadership appointments, marketing initiatives, and the introduction of services such as community pet clinics and grooming parlours, providing context for strategic decision-making in the pet retail industry.
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Oct- 2024 -29 OctoberNews-In-Brief
Today’s news in brief-29/10/24
The British Retail Consortium (BRC) has urged the chancellor to prioritise keeping prices low as shop price deflation reached 0.8% in October, marking its lowest rate since August 2021. Food inflation also eased, with fresh food and ambient food prices falling. BRC’s CEO Helen Dickinson stressed that although this trend…
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29 OctoberHigh Street
Jollyes appoints new COO
Jollyes has announced the appointment of Adam Dury as its new chief operating officer effective January. For the last five years Dury has been chief commercial officer at Card Factory plc and a key member of its group operating board. Prior to Card Factory, he worked in commercial roles at…
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Feb- 2024 -28 FebruaryM&A
Jollyes acquired by TDR Capital
Jollyes has been acquired by TDR Capital from previous owners Kester Capital, for what Kester calls a 4.2x return on investment. The investment, expected to be completed by the end of March, will enable Jollyes to continue to grow its store estate at pace. Upon completion of the deal TDR…
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Dec- 2023 -4 DecemberNews
Today’s news in brief-4/12/23
The owner of Jollyes, private equity firm Kester Capital, is reportedly considering a sale of the UK pet retailer for around £100m, according to sources. City insiders revealed that Kester Capital is collaborating with financial advisors at Houlihan Lokey to explore various “strategic options” for the business. Jollyes, currently operating…
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4 DecemberHigh Street
Jollyes owner mulls £100m sale
The owner of Jollyes, private equity firm Kester Capital, is considering a sale of the pet retailer for around £100m, according to reports from The Times. City sources told The Times that Kester Capital, is working with financial advisors at Houlihan Lokey on “strategic options” for the business. Jollyes currently…
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Nov- 2023 -30 NovemberNews
Today’s news in brief-30/11/23
Castore has successfully secured a £145m investment in a funding round led by Raine Partners. This investment aims to further disrupt the premium sportswear market and expand the brand’s global reach. Castore plans to develop its product range, enhance infrastructure, and invest in its people. The company, on track for…
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30 NovemberHigh Street
Jollyes HY sales jump 31% to £70m
Jollyes has revealed that it posted sales of £70m for the 26 weeks ended 27 November 2023, up 33% from the £54m it posted in the same period last year. Furthermore, in the period the company posted like-for-like sales of 19%, up from the 17% like-for-like number Jollyes achieved in…
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Jun- 2023 -12 JuneHigh Street
Jollyes FY sales hit £115m
Jollyes has posted sales of £115m for the year ended 29 May 2023, up 33% from £85m for the previous period. This is the first time that the company has seen sales pass the £100m barrier. Furthermore, its like-for-like sales grew by 17% over the full year, over double the…
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Aug- 2022 -1 AugustFeatures
Recession and retailers: a ‘cleansing effect’?
“Incomes are being squeezed, consumption is under pressure, interest rates are rising, and there’s a lot of uncertainty. These are classic ingredients for recession,” says Ian Stewart, Deloitte’s chief economist. According to Deloitte’s UK CFO Survey Q2 2022, finance leaders have assigned a 63% probability of experiencing a recession within…
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May- 2022 -16 MayHigh Street
Jollyes unveils manager for new Stirling store amid recruitment drive
Jollyes has named the manager for its latest store in Stirling as recruitment for new colleagues gets underway. The new store at Unit 3 Burghmuir Retail Park in Stirling will open in mid-June and employ 12 colleagues. Jollyes has recruited Angela Rennie, who has worked for leading retailers including Home…
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