The â‚¬22 million (US$27.3 million) sale was made because the Stanven, Germany, petfood plant was considered non-strategic. The sale will bring Doux, which has currently suspended all payments to creditors and is in talks with potential buyers in an effort to save the company, a net income of â‚¬19 million (US$23.6 million).
By Tim Wall
In 2020, pandemic driven demand alternative pet market, reducing owner preparation and diligence as people scramble to buy what puppies they could, without investigating the source, or even seeing the young dog.
By Debbie Phillips-Donaldson
Issues with pet food transportation have contributed to higher costs in supply chain disruptions.