Weston Family's Wittington Investments to Acquire Boots for $12.7 Billion
Source Summary
Wittington Investments, the holding company of the Weston family, announced Wednesday it will purchase the U.K. pharmacy and retail chain Boots from private equity firm Sycamore Partners for $8.9 billion US including debt. Boots is one of Britain's most prominent retailers.
Why it matters
This acquisition represents a major change in ownership of one of Britain's largest retail chains, with significant implications for the U.K. retail and pharmacy sector.
