Browsing Tag
Wittington Investments
4 posts
Weston family to buy Boots for $8.9bn as pharmacy giant changes hands again
Canada’s Weston family and Fairfax Financial are acquiring Boots for $8.9 billion including assumed debt, placing one of Britain’s largest pharmacy and beauty businesses under owners with deep experience across grocery, healthcare and pharmacy retail.
Why Fairfax is putting $2.3bn behind Wittington’s $8.9bn Boots takeover
Wittington Investments’ $8.9 billion acquisition of Boots brings one of Britain’s biggest pharmacy and beauty businesses under Canadian ownership, with Fairfax Financial Holdings committing up to $2.3 billion for a 50% equity interest. The strategic fit is compelling, but the transaction puts substantial capital behind a retailer that still needs continued investment in stores, digital commerce and healthcare services.
Boots sold for $8.9bn as Weston family makes major return to UK retail
Wittington Investments and Fairfax Financial Holdings are acquiring Boots in an $8.9 billion transaction, putting the UK pharmacy and beauty retailer under owners with deep experience in grocery, pharmacy and consumer retail.
Associated British Foods (LSE: ABF) faces investor test as Primark split lands alongside 18% profit decline
Primark may unlock value outside ABF. But Sugar losses, Europe weakness and Middle East risk make the split harder than the headline suggests.