Wynnstay's pet business goes bust

Wynnstay's pet business goes bust

Just For Pets, Wynnstay's (WYN) retail business that catered to furry friends, has become the latest victim of the consumer spending squeeze. The pet supplies retailer went into administration after weaker sterling pushed up input costs, and subsequent price increases didn’t go over well with customers. Group chief executive Ken Greetham said it tried to sell the pet business, but there weren't any buyers prepared to take on the business's long-term property leases. The closure cost Wynnstay £6.59m, and contributed to an 84 per cent crash in reported pre-tax profit to £1.15m.

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