Canadian Weston family acquires Boots for $8.9B
Weston, a Canadian company, has learned that it has agreed to purchase the British pharmacy chain Boots for $8.9 billion, including debt. The deal covers Boots' operations in the UK and Ireland, as well as the activities of Boots Group in Thailand and its franchise subsidiaries. Boots is considered one of the leading pharmacy chains in the British market, combining the sale of medicines with health and beauty products. This acquisition allows the Weston family to expand their presence in the pharmacy and healthcare sector outside of Canada, where they currently own companies such as Loblaw and Shoppers Drug Mart. It also supports their strategy to reorganize their investments amid pressures in the pharmacy industry and changing spending patterns.
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