Recent events
Recent events tied to this brand in public sources.
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2026
Wittington Investments agrees to buy Boots in $8.9bn deal from Sycamore Partners and the Pessina family
On 7 October 2026, Wittington Investments, the holding company of Canada's billionaire Weston family, confirmed it had agreed to buy UK High Street pharmacy and retail chain Boots in an $8.9bn (£6.7bn) deal from US private equity firm Sycamore Partners and the Pessina family, having secured ownership in partnership with Fairfax Financial Holdings. The Weston family will buy Boots' retail operations in the UK and Ireland, Boots Opticians, No7 Beauty Company and its Thailand and franchised businesses, with completion set for early 2027; Sycamore Partners, in partnership with Stefano Pessina and his family, will retain ownership of Farmacias Benavides in Mexico and Alliance Healthcare Deutschland in Germany. Wittington chairman Galen Weston will become chairman of Boots.
2021
Sycamore Partners acquires Digital Room
Sycamore Partners announced that it had acquired Digital Room from an affiliate of H.I.G. Capital.
2021
Belk completes financial restructuring
Belk completed its expedited, pre-packaged financial restructuring. The restructuring eliminated approximately $450 million of debt and provided $225 million in new capital; normal operations continued at its stores and e-commerce platform.
2021
Belk files for bankruptcy
Belk announced that it had filed for bankruptcy and entered into a restructuring agreement with its majority owner, Sycamore Partners, and debt holders to recapitalize the business and reduce debt.
2020
L Brands announced sale of a majority stake in Victoria’s Secret
L Brands announced that it would sell a 55% interest in the Victoria’s Secret lingerie, Victoria’s Secret Beauty and PINK brands to Sycamore Partners for $1.1 billion. The report describes a planned transaction, not a completed sale.