Story perspectives

Sycamore nears $9 billion Boots sale to Weston family

By Drooid · Oct 1, 2026, 2:18 PM UTC · How we work

Summary

Sycamore Partners Selling Boots

Sycamore Partners is close to selling Boots to the Weston family for about $9 billion.
The deal could close within weeks if negotiations succeed, according to the September 30, 2026 report.
Sycamore split Walgreens into five units to facilitate sales of non-core assets such as Boots.
The Boots sale would separate a key international asset from the U.S. pharmacy operation.

Summary

Boots Reports Growth

Boots reported a 3.2% revenue increase to £7.5 bn for the year ending August 2025.
Pretax profit rose 25% to £337 million in the same period.
Like-for-like store sales grew 5.8% year-on-year to August 2025.
Alex Baldock, former Currys chief, became Boots CEO in September 2025.
Boots employs roughly 51,000 staff, including about 6,000 at its Beeston headquarters.

History

Historical Context

Alliance Boots formed in 2006 when Boots merged with Alliance UniChem and moved its headquarters to Switzerland in 2008. Walgreens purchased a 45% stake in August 2012 and completed the $10.7 billion buyout of the remaining shares on 31 December 2014, creating Walgreens Boots Alliance. Today Sycamore Partners plans to sell Boots to the Weston family for about $9 billion, echoing the 2014 restructuring.

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Sycamore Partners Selling Boots

Sycamore Partners is close to selling Boots to the Weston family for about $9 billion.
The deal could close within weeks if negotiations succeed, according to the September 30, 2026 report.
Sycamore split Walgreens into five units to facilitate sales of non-core assets such as Boots.
The Boots sale would separate a key international asset from the U.S. pharmacy operation.

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