Weston family agrees £6.7bn deal to buy Boots
The Weston family’s holding company has agreed a £6.7bn deal to buy Boots, the BBC reports. Completion is expected in early 2027.
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Wittington Investments, the Weston family’s holding company, has agreed to buy Boots from US private equity firm Sycamore Partners and the Pessina family, the BBC reports. The reported price is $8.9bn (£6.7bn). The sale has been agreed but has not yet completed. [1]
The purchase covers Boots’ retail operations in the UK and Ireland, Boots Opticians, No7 Beauty Company, and its Thailand and franchised businesses. Wittington is buying in partnership with Canadian holding company Fairfax Financial Holdings and will have operational control, according to the BBC. [1]
Boots has about 1,800 stores and 51,000 employees after closing hundreds of UK branches in recent years, the BBC reports. Sycamore and the Pessina family will retain the group’s Farmacias Benavides business in Mexico and Alliance Healthcare Deutschland in Germany. The Boots deal is expected to complete in early 2027. [1]
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