July 31, 2012Comments are closed.pet shops/puppy farming
Pets Paradise has hit the wall…
A national chain of 62 pet accessory stores run by a self-styled “leader of franchising” has collapsed.
Pets Paradise was founded by Melbourne-based Gary Diamond about 20 years ago, taking the concept from a single store to a national chain of 80 stores, according to franchise disclosure documents.
Banks yesterday appointed Deloitte Restructuring Services as receivers of the wider group of 20 companies to protect and recover the bank’s debt – by selling the business.
“The group’s financial distress has largely been caused by underperforming company operated stores and significant rental exposures from store closures over the last 18 months,” said (Receiver Tim Norman)
The group has 170 staff across its operations and runs 62 stores under the Pets Paradise, Pet Goods Direct and Pets R Fun brands.
After being exposed for distributing parvo infected puppies, using the good name of rescue groups to sell extra product, collecting donations from sick kids to treat their sick pups, and with such welfare faux pas as the ‘iPond’, I’ll just take this opportunity to say… good riddance.