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Senators Warren, Blumenthal taking on private equity consolidation in pet care, probing Mars

( November 19, 2024, 18:15 GMT | Official Statement) -- MLex Summary: US Senators Elizabeth Warren and Richard Blumenthal are seeking information from JAB Holding Company on the impact of private equity and large corporations in veterinary care, and from Mars Petcare, a subsidiary of Mars, about how Mars’ acquisitions of pet care business have impacted the cost of pet care and working conditions for veterinarians. “Consolidation in the pet care industry appears to be allowing the largest companies, including those owned by private equity, to ‘take advantage of their market power’ to raise prices and undermine workers,” the release from the Democratic senators said.  Statement follows below:...

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