Boots has been sold to Wittington Investments for US$8.9 billion. The purchase includes assumed debt. Wittington will acquire Boots’ retail operations.
What happened
Boots has been sold to Wittington Investments for US$8.9 billion.
Why it matters
Wittington will acquire Boots’ retail operations in the UK and Ireland, Boots Opticians, No7 Beauty Company, and its Thailand and franchised businesses.
Before the breaking news deal, the UK pharmacy and beauty retailer was mostly owned by US private equity firm Sycamore Partners, in partnership with Stefano Pessina and his family.
The two parties will retain ownership of The Boots Group’s interests in Mexican pharmacy chain Farmacias Benavides and German pharmaceutical wholesaler, Alliance Healthcare Deutschland.The transaction is subject to regulatory approvals and the satisfaction of customary closing conditions and is expected to finalize in the first quarter of 2027.Store upgrade plansWittington is a holding company of the Weston family based in Canada.
This news brief is based on reporting published by Personal Care Insights on 2026-10-07. The original report is linked below.
Personal Care Insights
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