Bloomberg Law
March 10, 2023, 12:04 AM

PetSmart, Chewy Overlapping Directors Focus of DOJ Complaint (1)

Leah Nylen
Leah Nylen
Bloomberg News

A worker advocacy group has asked the Justice Department to investigate BC Partners Holding Ltd.’s PetSmart LLC and Chewy Inc. over concerns the pet supply retailers’ overlapping directors violate US antitrust law.

In a complaint filed with the Justice Department this week, United for Respect urged a probe into three directors who sit on the boards of both PetSmart and Chewy even though the two companies split years ago.

Chewy board chair Raymond Svider – the chairman of private equity firm BC Partners – simultaneously serves on the board of PetSmart along with two other Chewy directors, Michael Chang ...

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