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Boots has a new owner: Three ways it could affect you

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Core Development: Boots has a new owner: Three ways it could affect you
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Market & Financial Impact: The stalwart of Britain's High Street has been sold to a Canadian billionaire family. What will that mean for you?
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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).

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Official Publisher Attribution: This report is aggregated from Bloomberg. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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