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Short Take: Petopia.com receives $66 million investment

Petopia.com, which sells pet-related products online, said it has received a $66 million investment round from two firms: Groupe Arnault, an affiliate of European consumer products giant LVMH Moet Hennessey Louis Vuitton (LVMH), and PETCO, one of the nation's largest pet supply retailers. Petopia.com's total investments add up to more than $79 million, the company said, adding that an agreement with PETCO will provide nationwide distribution capabilities.

Kim Girard
Kim Girard has written about business and technology for more than a decade, as an editor at CNET News.com, senior writer at Business 2.0 magazine and online writer at Red Herring. As a freelancer, she's written for publications including Fast Company, CIO and Berkeley's Haas School of Business. She also assisted Business Week's Peter Burrows with his 2003 book Backfire, which covered the travails of controversial Hewlett-Packard CEO Carly Fiorina. An avid cook, she's blogged about the joy of cheap wine and thinks about food most days in ways some find obsessive.
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Kim Girard
, which sells pet-related products online, said it has received a $66 million investment round from two firms: Groupe Arnault, an affiliate of European consumer products giant LVMH Moet Hennessey Louis Vuitton (LVMH), and PETCO, one of the nation's largest pet supply retailers. Petopia.com's total investments add up to more than $79 million, the company said, adding that an agreement with PETCO will provide nationwide distribution capabilities.