Boots sold for £6.7bn
Boots, Britain’s 177-year-old, High Street Pharmacy and retail chain has been sold in an £6.7bn ($8.9bn) deal to Canadian billionaire Weston family according to Wittington Investments, the holding company confirmed to buy from US private equity firm Sycamore Partners and the Pessina family. The Weston family were ranked fifth on this year’s Sunday Times Rich List with fortune of £19bn and owns the Canadian grocery chain Loblaws, Pharmacy business Shoppers Drug Mart and previously owned the London department stores Selfridges from 2003 to 2021, before selling it for $4billion and major owner of Associated British Foods, the parent company of Primark. … Continue reading Boots sold for £6.7bn
