Ryan Cohen
Ryan Cohen | |
|---|---|
| Born | 1985 (age 38–39) |
| Nationality | Canadian |
| Occupation(s) | Founder & CEO, Chewy (2011-18) |
| Years active | 2011–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
- ^ a b c d Susan Adams, "The Man Who Found Gold in Dog Food," Forbes, January 24, 2017.
- ^ 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.
- ^ Leah Ingram, "Why Pet Parents Love Chewy.com," Parade, November 10, 2017.
- ^ 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.
- ^ a b Emily Canal, "Meet the Young Founders of Chewy.com, Which PetSmart Just Bought for $3.35 Billion," Inc., April 19, 2017.
- ^ a b c Maria Armental, "PetSmart's Latest Bite at E-Commerce: Chewy.com," Wall Street Journal, April 18, 2017.
- ^ Nancy Dahlberg, "PetSmart is buying Chewy.com in possibly the biggest e-commerce acquisition ever," Los Angeles Times, April 19, 2017.
- ^ Marcia Heroux, "Why has Chewy.com succeeded? Co-founder points to its customer service and changing times," Sun-Sentinel, January 29, 2018.
- ^ Ron Hurtibise, "Can Chewy.com remain special after it's acquired by PetSmart?" Sun-Sentinel, April 18, 2017.
- ^ Deena M. Amato-McCoy, "It's official: Pet supplies giant acquires fast-growing online rival," Chain Store Age, May 31, 2017.
- ^ Nancy Dahlberg, "What it's like to grow and sell a multibillion-dollar company, at age 32," Miami Herald, March 26, 2018.
- ^ Stephanie Crets, "Roundup: Chewy CEO steps down and other personnel news," Internet Retailer, March 16, 2018.
- ^ "#35 Ryan Cohen, 32," Fortune, 2017.
External links
Category:1985 births
Category:Living people
Category:Anglophone Quebec people
Category:Businesspeople from Montreal
Category:Canadian technology company founders
Category:Canadian technology chief executives