Boots owner ‘closing in on sale to Canada’s Weston family for $9bn’
Source: The Guardian ·
Deal would mark return of Canadian family to UK after it sold Selfridges department store for £4bn in 2022Business live – latest updatesThe private equity owner of high street pharmacy Boots is reportedly closing in on a deal to sell the business to the Canadian branch of the billionaire Weston family for $9bn (£7bn).Sycamore Partners, which bought the wider Walgreens Boots Alliance for $23.7bn…
From the source
The private equity owner of high street pharmacy Boots is reportedly closing in on a deal to sell the business to the Canadian branch of the billionaire Weston family for $9bn (£7bn). Sycamore Partners, which bought the wider Walgreens Boots Alliance for $23.7bn in 2025, is said to be in advanced talks with the Westons, with the Financial Times reporting that a deal could be completed as soon as next week. If successful, it would mark the return of the Canadian branch of the Weston family to the UK high street, having previously owned Selfridges. The family later sold the department store chain for £4bn in 2022. The Westons are widely known throughout Canada for owning the grocery store Loblaws and the pharmacy chain Shoppers Drug Mart. The UK branch of the family, which operates its businesses through a separate investment vehicle, are known for holding a majority stake in Primark through the parent company Associated British Foods. News of the prospective Weston deal comes months…