US pet retailer files for bankruptcy

The American pet supplies retailer Independent Pet Partners (IPP), based in Woodbury, Minnesota, has filed for chapter 11 in the US Bankruptcy Court, blaming a sudden change in consumers' pet food preferences and the Covid-19 pandemic for lost revenue. Founded in 2017, the company expanded its footprint by acquiring regional pet store chains. The company operates 160 pet store branches across a dozen states. Its stores included Chuck & Don's, Kriser's Natural Pet, Loyal Companion and Natural Pawz. The stores not only advertise high-quality pet food, toys and accessories but services such as grooming.

The filing will mean that 66 pet supply stores under the Chuck & Don's and Kriser's Natural Pet store banners will be sold. Around 100 other stores will eventually close, including the Chuck & Don's in downtown St. Paul, according to court papers filed at the beginning of February.