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Canada's Weston family buys Boots in $8.9bn deal
Original: bbc
Canada's Weston family has agreed to buy the British high-street pharmacy chain Boots for $8.9 billion. The deal puts one of the UK's best-known retailers under the ownership of the family behind grocery empire George Weston Limited. It marks a major change of ownership for Boots, a fixture of British shopping streets for more than 170 years.
Why now: The announced takeover of a beloved British high-street institution by a Canadian family is big consumer and business news.
BootsWeston familyGeorge Weston LimitedUnited KingdomCanada
Evidence
- Canada’s Weston family buys Boots for $8.9bn · The Guardian
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