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Boots sold in £7bn deal to Canadian billionaire family

The sale of the High Street chain was announced on Wednesday.

Tarun Mottlia

Via BBC News

·Excerpt
Boots sold in £7bn deal to Canadian billionaire family
Image: BBC News (Tech & Business)

Boots, the High Street pharmacy and retail chain, has been sold in an $8.9bn (£6.7bn) deal to the holding company of Canada's billionaire Weston family.

Wittington Investments confirmed it had agreed to buy Boots on Wednesday from US private equity firm Sycamore Partners.

Sycamore had only owned the retailer for 18 months after taking over the retailer's previous owner.

The deal covers Boots' retail operations in the UK and Ireland, Boots Opticians, No7 Beauty Company and its Thailand and franchised…

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