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Canada’s Weston family buys Boots for $8.9bn

Former Selfridges owners buy UK high street institution from long-term backer Stefano Pessina The Canadian family that once owned Selfridges department store has bought the UK pharmacy and beauty retailer Boots for $8.9bn (£6.74bn). Wittington Investments, the holding company of the Weston family that controls the Loblaws grocery chain and Drugmart pharmacy chain in Canada, will own Boots’ UK and Irish retail…

Read original on The Guardian — Business