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Anthony Preston, entrepreneur and founder of Pets at Home, is to receive the Lifetime Achievement Award at the Pet Industry Awards 2012
Anthony Preston, entrepreneur and founder of Pets at Home, is to receive the Lifetime Achievement Award at the Pet Industry Awards 2012 on the first day of the PATS Harrogate fair on September 16. “It is a great accolade and goes to our youngest recipient yet. The fact that Pets at Home is still the UK’s only nationwide pet retailer is a testament to his achievements,” says Janet Nunn, chief executive of the Pet Care Trade Association.
Preston founded Pets At Home, the UK’s biggest retailer of pet-related products, in 1991 when he opened the first shop in Chester. In 1999, further funds were raised to acquire US-owned competitor Petsmart for £ 70 million, a move which increased the number of stores to 140. By 2007, the 200th store opened in Barnstaple and in 2010, Pets at Home was acquired by KKR, a private equity house, in a deal worth £ 955m. The sale also saw Anthony leave the board, but still today he remains a minority shareholder with a 4% stake in the business.
Preston founded Pets At Home, the UK’s biggest retailer of pet-related products, in 1991 when he opened the first shop in Chester. In 1999, further funds were raised to acquire US-owned competitor Petsmart for £ 70 million, a move which increased the number of stores to 140. By 2007, the 200th store opened in Barnstaple and in 2010, Pets at Home was acquired by KKR, a private equity house, in a deal worth £ 955m. The sale also saw Anthony leave the board, but still today he remains a minority shareholder with a 4% stake in the business.
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