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==Career==
==Career==
Cohen initially planned on going into the online jewelry business, and invested $150,000 in inventory. But seeing more potential in pet products, he sold the jewelry at a loss and purchased pet products from distributors. In late 2011 he launched [[Chewy (company)|Chewy]], an online retailer of pet food and supplies based in [[Dania Beach, Florida]].<ref name="sadams"/><ref name="smorrissey"/><ref>Leah Ingram, [https://parade.com/618159/leahingram/why-pet-parents-love-chewy-com/ "Why Pet Parents Love Chewy.com,"] ''[[Parade (magazine)|Parade]]'', November 10, 2017.</ref><ref name="jdelray">Jason Del Ray, [https://www.recode.net/2017/12/6/16681040/ryan-cohen-chewy-recode-100 "Ryan Cohen kept Chewy under the radar until it sold for more than $3 billion,"] ''[[Recode]]'', December 6, 2017.</ref> In its first full year, the company had $26 million in sales;<ref name="smorrissey"/> Cohen would raise $236 million in venture capital.<ref name="ecanal">Emily Canal, [https://www.inc.com/emily-canal/petsmart-acquires-chewy.html "Meet the Young Founders of Chewy.com, Which PetSmart Just Bought for $3.35 Billion,"] ''[[Inc. (magazine)|Inc.]]'', April 19, 2017.</ref><ref name="marmental">Maria Armental, [https://www.wsj.com/articles/petsmarts-latest-bite-at-e-commerce-chewy-com-1492562264 "PetSmart's Latest Bite at E-Commerce: Chewy.com,"] ''[[Wall Street Journal]]'', April 18, 2017.</ref> By 2017, the company had revenue of approximately $2 billion and 51% of online pet food and litter sales in the US, with 7,000 employees.<ref name="sadams"/><ref name="marmental"/><ref>Nancy Dahlberg, [http://www.latimes.com/business/la-fi-petsmart-chewy-20170419-story.html "PetSmart is buying Chewy.com in possibly the biggest e-commerce acquisition ever,"] ''[[Los Angeles Times]]'', April 19, 2017.</ref><ref>Marcia Heroux, [http://www.sun-sentinel.com/business/fl-bz-chewy-venture-capital-conference-20180129-story.html "Why has Chewy.com succeeded? Co-founder points to its customer service and changing times,"] ''[[Sun-Sentinel]]'', January 29, 2018.</ref>
Initially planning on going into the online jewelry business, Cohen invested $150,000 in inventory. After seeing more potential in pet products, he sold the jewelry at a loss and purchased pet supplies from distributors. In late 2011 he launched [[Chewy (company)|Chewy]], an online retailer of pet food and supplies based in [[Dania Beach, Florida]].<ref name="sadams"/><ref name="smorrissey"/><ref>Leah Ingram, [https://parade.com/618159/leahingram/why-pet-parents-love-chewy-com/ "Why Pet Parents Love Chewy.com,"] ''[[Parade (magazine)|Parade]]'', November 10, 2017.</ref><ref name="jdelray">Jason Del Ray, [https://www.recode.net/2017/12/6/16681040/ryan-cohen-chewy-recode-100 "Ryan Cohen kept Chewy under the radar until it sold for more than $3 billion,"] ''[[Recode]]'', December 6, 2017.</ref> In its first full year, the company had $26 million in sales;<ref name="smorrissey"/> Cohen would ultimately raise $236 million in venture capital.<ref name="ecanal">Emily Canal, [https://www.inc.com/emily-canal/petsmart-acquires-chewy.html "Meet the Young Founders of Chewy.com, Which PetSmart Just Bought for $3.35 Billion,"] ''[[Inc. (magazine)|Inc.]]'', April 19, 2017.</ref><ref name="marmental">Maria Armental, [https://www.wsj.com/articles/petsmarts-latest-bite-at-e-commerce-chewy-com-1492562264 "PetSmart's Latest Bite at E-Commerce: Chewy.com,"] ''[[Wall Street Journal]]'', April 18, 2017.</ref> By 2017, the company had revenue of approximately $2 billion, 51% of online pet food and litter sales in the US, and 7,000 employees.<ref name="sadams"/><ref name="marmental"/><ref>Nancy Dahlberg, [http://www.latimes.com/business/la-fi-petsmart-chewy-20170419-story.html "PetSmart is buying Chewy.com in possibly the biggest e-commerce acquisition ever,"] ''[[Los Angeles Times]]'', April 19, 2017.</ref><ref>Marcia Heroux, [http://www.sun-sentinel.com/business/fl-bz-chewy-venture-capital-conference-20180129-story.html "Why has Chewy.com succeeded? Co-founder points to its customer service and changing times,"] ''[[Sun-Sentinel]]'', January 29, 2018.</ref>


Chewy was acquired by [[PetSmart]] in April 2017 for $3.35 billion, in the largest ever acquisition of an e-commerce business.<ref name="jdelray"/><ref name="ecanal"/> Following the sale, Chewy operated largely as an independent unit of PetSmart, with Cohen continuing in his role as Chewy's CEO for nearly a year.<ref name="marmental"/><ref>Ron Hurtibise, [http://www.sun-sentinel.com/business/fl-bz-petsmart-acquiring-chewy-20170418-story.html "Can Chewy.com remain special after it's acquired by PetSmart?"] ''Sun-Sentinel'', April 18, 2017.</ref><ref>Deena M. Amato-McCoy, [https://www.chainstoreage.com/article/its-official-pet-supplies-giant-acquires-fast-growing-online-rival/ "It's official: Pet supplies giant acquires fast-growing online rival,"] Chain Store Age, May 31, 2017.</ref> On March 15, 2018, Cohen stepped down as Chewy's CEO.<ref name="ndahlberg">Nancy Dahlberg, [http://www.miamiherald.com/latest-news/article205459519.html "What it's like to grow and sell a multibillion-dollar company, at age 32,"] ''Miami Herald'', March 26, 2018.</ref><ref>Stephanie Crets, [https://www.digitalcommerce360.com/2018/03/16/roundup-chewy-ceo-steps-down-and-other-personnel-news/ "Roundup: Chewy CEO steps down and other personnel news,"] Internet Retailer, March 16, 2018.</ref>
Chewy was acquired by [[PetSmart]] in April 2017 for $3.35 billion, which was the largest ever acquisition of an e-commerce business.<ref name="jdelray"/><ref name="ecanal"/> Following the sale, Cohen continued in his role as Chewy's CEO for nearly a year.<ref name="marmental"/><ref>Ron Hurtibise, [http://www.sun-sentinel.com/business/fl-bz-petsmart-acquiring-chewy-20170418-story.html "Can Chewy.com remain special after it's acquired by PetSmart?"] ''Sun-Sentinel'', April 18, 2017.</ref><ref>Deena M. Amato-McCoy, [https://www.chainstoreage.com/article/its-official-pet-supplies-giant-acquires-fast-growing-online-rival/ "It's official: Pet supplies giant acquires fast-growing online rival,"] Chain Store Age, May 31, 2017.</ref> On March 15, 2018, Cohen stepped down as Chewy's CEO.<ref name="ndahlberg">Nancy Dahlberg, [http://www.miamiherald.com/latest-news/article205459519.html "What it's like to grow and sell a multibillion-dollar company, at age 32,"] ''Miami Herald'', March 26, 2018.</ref><ref>Stephanie Crets, [https://www.digitalcommerce360.com/2018/03/16/roundup-chewy-ceo-steps-down-and-other-personnel-news/ "Roundup: Chewy CEO steps down and other personnel news,"] Internet Retailer, March 16, 2018.</ref>


==Honors==
==Honors==

Revision as of 19:26, 4 June 2018

Ryan Cohen
Born1985 (age 38–39)
Montreal, Quebec, Canada[1][2]
NationalityCanadian
Occupation(s)Founder & CEO,
Chewy
(2011-18)
Years active2011–present

Ryan Cohen (born 1985)[1] is a Canadian entrepreneur and the founder and former CEO of e-commerce site Chewy, which was acquired by PetSmart in 2017.

Career

Initially planning on going into the online jewelry business, Cohen invested $150,000 in inventory. After seeing more potential in pet products, he sold the jewelry at a loss and purchased pet supplies from distributors. In late 2011 he launched Chewy, an online retailer of pet food and supplies based in Dania Beach, Florida.[1][2][3][4] In its first full year, the company had $26 million in sales;[2] Cohen would ultimately raise $236 million in venture capital.[5][6] By 2017, the company had revenue of approximately $2 billion, 51% of online pet food and litter sales in the US, and 7,000 employees.[1][6][7][8]

Chewy was acquired by PetSmart in April 2017 for $3.35 billion, which was the largest ever acquisition of an e-commerce business.[4][5] Following the sale, Cohen continued in his role as Chewy's CEO for nearly a year.[6][9][10] On March 15, 2018, Cohen stepped down as Chewy's CEO.[11][12]

Honors

References

  1. ^ a b c d Susan Adams, "The Man Who Found Gold in Dog Food," Forbes, January 24, 2017.
  2. ^ a b c Siobhan Morrissey, "Pet food retailer Chewy.com has seen fantastic growth. But can it keep up the pace?" Miami Herald, February 26, 2017.
  3. ^ Leah Ingram, "Why Pet Parents Love Chewy.com," Parade, November 10, 2017.
  4. ^ a b c Jason Del Ray, "Ryan Cohen kept Chewy under the radar until it sold for more than $3 billion," Recode, December 6, 2017.
  5. ^ a b Emily Canal, "Meet the Young Founders of Chewy.com, Which PetSmart Just Bought for $3.35 Billion," Inc., April 19, 2017.
  6. ^ a b c Maria Armental, "PetSmart's Latest Bite at E-Commerce: Chewy.com," Wall Street Journal, April 18, 2017.
  7. ^ Nancy Dahlberg, "PetSmart is buying Chewy.com in possibly the biggest e-commerce acquisition ever," Los Angeles Times, April 19, 2017.
  8. ^ Marcia Heroux, "Why has Chewy.com succeeded? Co-founder points to its customer service and changing times," Sun-Sentinel, January 29, 2018.
  9. ^ Ron Hurtibise, "Can Chewy.com remain special after it's acquired by PetSmart?" Sun-Sentinel, April 18, 2017.
  10. ^ Deena M. Amato-McCoy, "It's official: Pet supplies giant acquires fast-growing online rival," Chain Store Age, May 31, 2017.
  11. ^ Nancy Dahlberg, "What it's like to grow and sell a multibillion-dollar company, at age 32," Miami Herald, March 26, 2018.
  12. ^ Stephanie Crets, "Roundup: Chewy CEO steps down and other personnel news," Internet Retailer, March 16, 2018.
  13. ^ "#35 Ryan Cohen, 32," Fortune, 2017.


Category:1985 births Category:Living people Category:Anglophone Quebec people Category:Businesspeople from Montreal Category:Canadian technology company founders Category:Canadian technology chief executives

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