Walgreens owner nears $9 billion deal to sell Boots chain- WSJ
The private-equity firm Sycamore Partners is nearing a deal to sell Boots, the U.K. pharmacy chain, for around $9 billion, including debt, according to the Wall Street Journal. The potential buyer is the Canadian division of the Weston family, who own a vast food-business empire. Sources familiar with the negotiations suggest the sale could be finalized within weeks if talks proceed smoothly.
Sycamore Partners took control of Walgreens in a private deal in 2025, paying $24 billion in total, including debt, with the company's value falling to approximately $10 billion without debt. To facilitate potential sales of noncore assets, Walgreens was subsequently split into five separate entities, including the Boots unit. This unit encompasses Boot's former international operations, including Boots stores in the U.K., and business ventures in Thailand, Mexico, Germany, and China.
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