Weston family agrees £6.8bn deal to buy Boots

The Canadian Weston family has agreed an $8.9bn (£6.8bn) deal to acquire Boots, bringing the British pharmacy and beauty chain under new long-term ownership.

Wittington Investments, the holding company of the Weston family, has agreed to buy Boots’ UK and Irish retail operations, Boots Opticians, No7 Beauty Company and its Thailand and franchised businesses.

The deal includes assumed debt and will see Wittington take operational control of Boots, w... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...