Boots sold to Canadian billionaire family

Boots has been sold to a Canadian billionaire family in an £7bn deal.

The new owners, Wittington Investments, plan to upgrade Boots' portfolio of 1,800 stores and expand its healthcare services.

Boots sold to Canadian billionaire family Boots sold to Canadian billionaire family The stalwart of Britain's High Street has been sold to a Canadian billionaire family. What will that mean for you?

If you have been looking to buy a health or beauty product, the chances are you will have shopped at a Boots somewhere in the UK.

The pharmacy and retailer is a stalwart of Britain's high streets, where it has served generations of customers for decades.

But now it is set to enter its 178th year under new ownership after an £7bn deal was agreed this week - here's three ways it could affect your shopping experience.

Upgrading its portfolio of 1,800 stores is high on the list of Boots' new owners, Wittington Investments. This is the holding company of the Westons - a wealthy and retail-steeped Canadian family who used to own Selfridges and currently own several large retailers across the Atlantic.

The UK branch of the family also controls the owner of Primark, Associated British Foods (ABF).

What Boots stores might look like in the future has not been disclosed.

Business has been good for Boots in recent years, and new-look beauty areas in some of its bigger shops have given shoppers more of a department store experience, according to Sofie Willmott, an associate director and analyst at GlobalData Retail.