In recent years, the e-commerce giant Amazon has been on a major buying spree, with the company acquiring a wide range of businesses in the retail sector. Among the companies that Amazon has purchased is Chewy.com, an online pet supplies retailer.
Chewy was founded in 2011 by Ryan Cohen and Michael Day, two entrepreneurs who saw an opportunity to create a hassle-free shopping experience for pet owners. The company quickly grew to become one of the largest online pet retailers in the United States and Canada.
In 2017, Amazon acquired Chewy for a reported $3.35 billion. This was one of Amazon’s largest acquisitions up to that point, and it signaled Amazon’s intent to expand its presence in the pet supply market.
So, is Chewy owned by Amazon?
Yes, Chewy is owned by Amazon. After acquiring Chewy for $3.35 billion in 2017, Amazon has integrated the online pet retailer into its broader e-commerce operations. The acquisition has enabled Amazon to gain access to an established customer base and increase its share of the pet supply market.
Chewy continues to operate as an independent subsidiary of Amazon, but it now benefits from being part of a larger company with greater resources and reach.
Conclusion:
Yes, Chewy is owned by Amazon. After acquiring Chewy in 2017 for $3.35 billion, Amazon has integrated the online pet retailer into its broader e-commerce operations.