Joele Frank handles Pet Valu Inc. as the specialty pet food and supplies retailer announced Nov. 4 that it is closing its 358 stores and warehouses in the Northeast and Midwest due to the negative impact of COVID-19.
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Jamie Gould, Pet Valu chief restructuring officer, said the protracted COVID-19 restrictions significantly hurt business and triggered the “difficult but necessary decision to commence this orderly wind down.”
He pledged to offer customers “even better deals and value” during the store closing process and assist “our dedicated associates through the transition.”
He thanked employees for “going above and beyond” in helping customers as an essential service during the pandemic.
Based in Wayne, PA, Pet Valu licenses its name from Pet Valu Canada, which is a separate company and will remain open.
Joele Frank, Wilkinson Brimmer Katcher has Michael Freitag, Leigh Parrish and Aaron Palash on the Pet Valu business.
C Street Advisory handles iRobot Corp as the marketer of the Roomba autonomous vacuum cleaner files Chapter 11 after being squeezed by cheaper competitors.
Joele Frank represents Confluent Inc. as the Mountain View, CA-based data streaming platform company agrees to be acquired by IBM in a deal with an enterprise value of $11B.
Tom Johnson, who has headed H/Advisors Abernathy since 2016, will join FGS Global as global head of private capital & financial services, effective Dec. 16.
Brunswick Group and Gagnier Communications are handling Paramount’s $30 cash per-share offer for all of Warner Bros Discovery, topping Netflix $27.50 cash/stock transaction.
ICR Inc. handles communications for Enhanced Ltd, which plans to run Olympic-type competitions with athletes using performance-enhancing drugs, as it goes public in a SPAC deal valued at $1.2B via a merger with A Paradise Acquisition Corp. of Hong Kong.
