Banking on Pet Care
Jebsen Group makes its first foray into Greater China’s pet industry by investing in ADP Group
Jebsen Group has made its first investment in the pet care and retail industry with the acquisition of ADP Group, a leading pet food and supplies retailer. ADP Group is best known for its retail chain brands Q-Pets and Red Carrot and boasts 42 physical retail stores, an e-commerce platform, and six franchises in Hong Kong. It has also established a wholesale presence and e-commerce channels in the Chinese mainland.
With this investment, Jebsen Group is now poised to enhance and expand ADP’s existing infrastructure, with a strategic aim of becoming a foremost player in both Hong Kong and Greater China.
"Jebsen has been actively pursuing opportunities to expand its footprint in attractive industries that are close to the consumer. As the foremost pet care retailer in Hong Kong, Q-Pets presents significant opportunities to not only tap into the domestic market but also to expand further into Greater China. We look forward to continuing Q-Pets' dominance as the preferred shopping destination for pet care customers and are excited to develop innovative pet care solutions." - Alexander Spitzy, Chief Operating Officer of Jebsen Group and Managing Director of Jebsen Consumer
Jebsen Group made clear its intention to maintaining Q-Pets' position as the top choice for pet care customers and is committed to contributing to the growth and development of the pet care sector.