Boots owner ‘closing in on sale to Canada’s Weston family for $9bn’

TradeNews BD multi-market desk (2026-10-01): Deal would mark return of Canadian family to UK after it sold Selfridges department store for £4bn in 2022Business live – latest updatesThe private equity… Primary source: original at The Guardian (theguardian.com). This is a multi-market tape note — not a broker review.

October 1, 2026 9:03 AM GMT · The Guardian

Deal would mark return of Canadian family to UK after it sold Selfridges department store for £4bn in 2022

The private equity owner of high street pharmacy Boots is reportedly closing in on a deal to sell the business to the Canadian branch of the billionaire Weston family for $9bn (£7bn).

Sycamore Partners, which bought the wider Walgreens Boots Alliance for $23.7bn in 2025, is said to be in advanced talks with the Westons, with the Financial Times reporting that a deal could be completed as soon as next week.