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Boots sold in £7bn deal to Canadian billionaire family
The Weston family will be buying Boots' retail operations in the UK and Ireland, Boots Opticians, No7 Beauty Company and its Thailand and franchised businesses.
The Weston family owns the Canadian grocery chain Loblaws, pharmacy business Shoppers Drug Mart, and previously owned the London department store Selfridges from 2003 to 2021, before selling it for $4bn.
Sycamore Partners, in partnership with Stefano Pessina and his family, will retain ownership of The Boots Group's Farmacias Benavides in Mexico and Alliance Healthcare Deutschland in Germany.
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