Zooplus has seen shares rise 80% in the past year, valuing the company at EUR639 million (US$726 million). Its sales reportedly rose 34% in 2014 to EUR571 million. Because of its rapid growth, Burda’s digital chief Stefan Winners said, Burda would rather invest in expansion than pay a dividend.
"We want to invest in digital businesses that also make dividends possible," Winners told Reuters.
Burda said it intends to make its exit within the next two to three years.
New shelter data casts doubt on whether the pet population and pet ownership are truly growing.
While the pandemic caused unprecedented suffering worldwide in 2020, the disruptions to dogs, cats and other pets adoption numbers may normalize in 2021.