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COVID-19 Pet Boom Puts Spotlight on Veterinary Investment Opportunities | Arnall Golden Gregory LLP
Additional than 23 million American households — almost 1 in 5 nationwide — adopted a pet for the duration of the COVID-19 pandemic, according to the American Society for the Avoidance of Cruelty to Animals (ASPCA). The escalating rates of pet possession induced a soar in desire in the veterinary sector, and private fairness and other traders took see. While consolidation in the veterinary industry is not a new craze, the vast majority of veterinary clinics about the country carry on to be lesser operators or sole proprietorships. These “mom and pop” stores, with a handful of workers, are usually ripe targets for consolidation, but these types of practices are…
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FTC puts business opportunities on notice regarding promotional claims and content
The Federal Trade Commission has recently been sending “Notices of Penalty Offenses Concerning Money-Making Opportunities and Endorsements and Testimonials” to franchisors and companies selling other types of business opportunities. These notices from the federal consumer protection agency are seemingly coming from out of the blue and being served on registered agents similar to a lawsuit, causing recipients a fair amount of concern. Although the FTC tells the recipient that it is not being singled out (see this list of businesses who received the notice in October), it warns in bold letters on the first page that the recipient is now on notice that engaging in certain conduct could subject the…