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UK pharmacy chain Boots sold in $8.9bn deal to Canadian billionaire family

Photo: BBC

Boots, the High Street pharmacy and retail chain, has been sold in an $8.9bn (£6.7bn) deal to Canada's billionaire Weston family.

Wittington Investments, the holding company, confirmed it had agreed to buy 177-year old company on Wednesday from US private equity firm Sycamore Partners and the Pessina family.

Boots started as a simple apothecary in Nottingham but has evolved to become a familiar and trusted High Street presence, selling a vast range of health and beauty products, meal deals and travel accessories.

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