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Mr. Litwak of Pet Business said industry consolidation had helped turn pet food makers into better marketers.
In 2000, the family decided to sell the pet business, and the deal closed in 2001, leaving the Stern family with about $100 million in cash.
Rather, you would need to purchase specialty "pet business" insurance, which covers groomers, kennels, dog sitters, dog walkers and dog boarders.
Mr. Rezman and his wife have owned their pet business, which is based in Chicago and specializes in supplies for exotic birds, for 30 years.
"There's lots of other fish to make issues out of in the pet business," said Larry Tagrin, who breeds fish for a hobby but has not bought any GloFish because he considers them a gimmick.
But after Edward Stern married Dr. Stephanie Beth Rein, a physician, in 1991, he decided to join the main family business, Hartz Mountain, and eventually became president of its pet business.
Similar(36)
Pet businesses typically choose to locate in or near residential neighborhoods to be close to clients.
"The company's strong financial results were delivered by both consumer and pet businesses," Richard G. Wolford, the chief executive, told analysts on a conference call.
In a slow leasing market, previously reluctant landlords now seem more willing to negotiate with pet businesses, and some pet retailers, particularly those that have animals on the premises, are seizing the opportunity to expand.
In Pictures: Six Quirky Pet Businesses.
In Pictures: 6 Quirky Pet Businesses Worth Barking About.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com