Market News / Story
Canada's Weston family to purchase UK's Boots in $8.9B deal with Sycamore Partners
Seeking Alpha ·
Seeking Alpha reports: Canada's Weston family said it agreed to buy the UK's Boots Group from Walgreens parent company for $8.9 billion, including debt. Under the terms of the agreement, Wittington Investments, the holding company of the Weston family based in Canada, will acquire Boots' retail operations in the UK and Ireland; Boots Opticians, No7 Beauty Company, and its Thailand and franchised businesses, according to a statement on Wednesday. The Weston Family is buying Boots from…