Pet store and pet care multiple, Pets at Home Group PLC, reveals that it is seriously considering stockpiling as part of its no-deal Brexit contingency planning. Anna Tobin reports
In its Quarter Three trading statement, released today, Pets at Home Group PLC announced: “As we approach our financial year-end and monitor the Brexit process, we may consider increasing our inventory holding by up to £8 million.”
Around 17% of Pets at Home’s goods are reportedly imported from outside of the UK. Stockpiling is being seen as the best way to ensure that the nation’s pets don’t go hungry in the event of the UK exiting the EU without a deal.