Weston Family and Fairfax Financial Partner to Buy UK’s Boots in $8.9B Deal

The Weston family and Fairfax Financial are partnering to buy Boots, a UK-based pharmacy and beauty retailer, for $8.9 billion, with plans to invest in the business and expand healthcare services.

Why it matters. The acquisition will affect Boots' operations and potentially its 50,000 employees and 1,800 stores across the UK and Ireland.