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 Shoppers Drug Mart pharmacy outlets in Canada, will own Boots’ UK and Irish…