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Canada’s Weston family buys Boots for $8.9bn

Source: World news | The Guardian · Published

Canada’s Weston family buys Boots for $8.9bn
Source: World news | The Guardian

Former Selfridges owners buy UK high street institution from long-term backer Stefano Pessina The Canadian family that once owned Selfridges department store has bought the UK pharmacy and beauty retailer Boots for $8.9bn (£6.74bn). Wittington Investments, the holding company of

Former Selfridges owners buy UK high street institution from long-term backer Stefano Pessina The Canadian family that once owned Selfridges department store has bought the UK pharmacy and beauty retailer Boots for $8.9bn (£6.74bn). Wittington Investments, the holding company of the Weston family that controls the Loblaws grocery chain and Drugmart pharmacy chain in Canada, will own Boots’ UK and Irish retail operations and opticians chain, the No7 beauty brand and a franchise arm in Thailand. Continue reading...

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