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Each year the Florida Retail Federation publishes its Business Regulation guide, which contains information about each of the state agencies that influence the way our members manage their business. This is your go to reference for understanding what they are and how they operate.Read More
The mission of FRF's Advocacy, Intervention and Political Team is to maintain a favorable economic climate for retailers and their suppliers to grow and prosper. We advocate and intervene on behalf of the retail industry before the state's legislative, regulatory and judicial bodies to promote the interests of businesses large and small.Read More
Membership in FRF can help businesses of all sizes and types cut their costs, grow revenue,and increase their bottom lines. Many retailers have found that the savings derived by using even one of FRF’s value-added programs can more than offset their annual dues investment. Let us find a solution that fits your needs.Read More
The annual Retail Smarter Conference brings together a diverse group of retail and industry participants for two days of speakers, panels, roundtables and networking. Don't miss our exciting line up of
The Sunshine EXPO, powered by The Florida Retail Federation, is the premier trade show for retailing in the state of Florida. With attendees from all across the southeast U.S. and suppliers from around
NEW YORK — PetSmart said Wednesday that it has been taken private, as a group of investors led by the buyout firm BC Partners completed their $8.7 billion acquisition of the pet store retailer.
PetSmart President and CEO David Lenhart and Chairman Gregory Josefowicz are stepping down as part of the deal. Michael Massey is being named president and CEO, and Raymond Svider is the new non-executive chairman. Massey is the former CEO of Collective Brands Inc., which owns Payless ShoeSource, and Svider is managing partner at BC Partners.
Lenhart became CEO of PetSmart in June 2013, the same time Josefowicz became chairman. Lenhart became president of the company in April 2014.
In early July the activist hedge fund manager Jana Capital disclosed that it had taken a stake in PetSmart and had become the Phoenix-based company’s largest shareholder. Jana Partners said it wanted to talk to PetSmart’s board about a possible sale of the company and other changes that it said would improve company performance. Another major shareholder, Longview Asset Management, also pushed for the sale.
PetSmart said at the time that it would consider putting itself up for sale and would cut costs. On Dec. 14, the company said it would be taken private in a deal that valued the company at $83 per share. That was a 39 percent premium to its closing price on July 2. PetSmart Inc. shareholders approved the sale on Friday. The company operates about 1,387 stores in the United States, Canada and Puerto Rico.
The company’s shares rose 4 cents to $82.99 in afternoon trading. The stock was scheduled to be delisted after the close of trading Wednesday.