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Defy Partners Announces Kamil Saeid as Partner, Christa Quarles and Bryan Goldberg as Defy Sages and the promotions of Madison McIlwain and Purvi Shah


Defy Partners Announces Kamil Saeid as Partner, Christa Quarles and Bryan Goldberg as Defy Sages and the promotions of Madison McIlwain and Purvi Shah
Four years after inception, Defy continues team expansion and portfolio growth
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WOODSIDE, Calif., March 8, 2021 /PRNewswire/ Defy Partners, a leading early stage venture capital firm, focused on helping early stage startups mature and scale into category-defining companies, today announced several team additions. Defy has hired
Kamil Saeid as Partner and Creation Lead.  In his role Kamil will be focused on sourcing, diligence, and investments across sectors. Further, he will continue to build on Defy s success in hatching and creating business opportunities from scratch and in partnership with entrepreneurs. Defy has brought on two new members to its unique ....

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Covetrus Reports Fourth Quarter and Full-Year 2020 Financial Results


Press release content from Business Wire. The AP news staff was not involved in its creation.
Covetrus Reports Fourth Quarter and Full-Year 2020 Financial Results
March 1, 2021 GMT
PORTLAND, Maine (BUSINESS WIRE) Mar 1, 2021
Covetrus (Nasdaq: CVET), a global leader in animal-health technology and services, today reported financial results for the fourth quarter and full-year 2020, which ended December 31, 2020.
“Throughout 2020, veterinarians and animal healthcare providers did not skip a beat despite the uncertainty and impact created by COVID-19, and neither did Covetrus. As an essential business, we worked to meet and support our customers’ increased volumes and changing needs, including supporting them with our innovative online pharmacy service and the introduction of our telehealth capability in order to enable uninterrupted patient care,” said Ben Wolin, Covetrus president and chief executive officer. “We have responded and exceeded expectations ....

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Covetrus reports 2020 sales up 9%, shrinking loss


Portland-based Covetrus Inc. (Nasdaq: CVET) on Monday reported 2020 net sales of $4.3 billion, including $1.1 billion in the fourth-quarter year-over-year increases of 9% and 11% respectively. 
For the year, the animal-health company reported a loss of $19 million, or 22 cents per share, compared to $980 million, or $9.14 per share, in the previous year. During 2019, the company recorded a goodwill impairment charge of $939 million.
For the fourth quarter, Covetrus had a loss of $4 million, or 4 cents per share, compared to a loss of $37 million, or 33 cents per share, during Q4 2019.
Covetrus, which provides technology and services to 100,000 veterinary practices around the world, attributed much of its 2020 performance to meeting new customer demands brought on by the pandemic.  ....

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Covetrus lays off 80 in North American consolidation, cuts last ties with former parent


Portland-based animal-health company Covetrus Inc. (Nasdaq: CVET) on Wednesday morning said it has laid off 80 employees as the result of a consolidation within its North American operations.
Covetrus, which has about 6,000 employees worldwide including 300 in Portland, made the cuts at locations throughout the U.S., spokeswoman Kini Schoop told Mainebiz.
“Within the North American realignment, a new commercial organization was created resulting in new roles, enhanced roles and some roles being eliminated,” she said.
In a news release, the company also said the reorg will reduce duplication, allow better servicing of customer accounts and free resources to expand Covetrus’ software and e-commerce solutions for veterinary practices. ....

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