Boots has a new owner: Three ways it could affect you
UK pharmacy chain Boots has been acquired by Wittington Investments in a £7bn deal. The new owners are expected to focus on upgrading the store portfolio and creating a more consistent retail experience across the UK.
Why it matters
Boots is a major high-street retailer in the UK, and changes to its business model will impact millions of consumers and the retail landscape.
Image source, Getty Images By Michael Race Business reporter Published 14 minutes ago 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.
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