The Guyomarc'h group of companies was purchased by the Paribas Bank in 1990. Royal Canin recorded a loss in 1993; the following year the Guyomarc'h group was divided into four separate businesses, one of which remained as Royal Canin. The bank wished to sell Royal Canin but its chairman managed to persuade it to list it on the Paris stock exchange instead, which took place in 1997. Forty–three percent of the company was floated on the stock market and it raised the company's valuation to four and half billion francs. The additional revenue raised provided the funding to buy Crown Pet Foods in 1999 and the James Wellbeloved brand in 2000.