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Weston family's Wittington Investments agrees to buy Boots for $8.9 billion, including debt

Reuters, published by The Economic Times, reports Sycamore Partners and the Pessina family are selling the retailer.

Economic TimesET
1 Source, 23m ago, first seen 23m ago

TLDR

Reuters, published by The Economic Times, reports that Wittington Investments agreed to buy Boots for $8.9 billion, including debt. The deal covers Boots' UK and Ireland retail operations, Boots Opticians, No7 Beauty Company, and its Thailand and franchised businesses. Wittington is partnering with Fairfax Financial Holdings and says it plans to invest in stores and online operations and expand healthcare services.

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Economic Times@EconomicTimesCanada's Weston family company agrees to buy UK's Boots https://economictimes.indiatimes.com/news/international/business/canadas-weston-family-company-agrees-to-buy-uks-boots/articleshow/134773412.cms23m
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    1 Source

    Economic Times@EconomicTimesCanada's Weston family company agrees to buy UK's Boots https://economictimes.indiatimes.com/news/international/business/canadas-weston-family-company-agrees-to-buy-uks-boots/articleshow/134773412.cms23m
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