Boots sold in £7bn deal to Canadian billionaire family

The iconic high street health and beauty retailer Boots has officially changed hands in a deal valued at approximately £6.7 billion ($8.9 billion). Wittington Investments, representing Canada's affluent Weston family, finalized the acquisition from the US private equity firm Sycamore Partners.

Sycamore Partners had held ownership of the massive pharmacy chain for only about 18 months before facilitating this substantial sale to the Canadian holding company.

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Boots sold in £7bn deal to Canadian billionaire family

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