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The Jean Coutu Group (PJC) Inc. is a Canadian drugstore chain headquartered in Varennes, Quebec. It has more than 400 franchised locations in New Brunswick, Ontario and Quebec under the PJC Jean Coutu, PJC Clinique, and PJC Santé banners.
6 days ago · The billionaire in the white lab coat, Jean Coutu founded the Canadian drugstore chain that bears his name. In 2017 Coutu agreed to sell the publicly-traded company to European supermarket...
- Chairman
- Early Years and Education
- Early Career
- Jean Coutu Group
- Philanthropy
- Legacy
- Awards and Honours
Jean Coutu is the son of Lucien Coutu, a pediatrician and family doctor in an eastern Montreal working-class neighbourhood. Jean Coutu studied medicine before receiving a bachelor’s degree in biology, chemistry and physics from the Université de Montréal in 1949. In 1953, he received a bachelor’s degree in pharmacy from the Université de Montréal a...
Jean Coutu was still a student when he began working as a clerk for Pharmacies Leduc (see Pharmacy), at that time the largest of its kind in the Montreal area. He was named assistant manager and then manager of one of its pharmacies, which he propelled to the top of the Leduc chain. After graduation, he wanted to enter into a partnership of a Leduc...
In 1969, Jean Coutu and Louis Michaud established Pharm-Escomptes Jean Coutu, with longer business hours and a wide range of products. Jean Coutu invested his entire savings in this venture. The first pharmacy opened on the corner of Garnier and Mont-Royal in Montreal in June of that year. In 1980, Jean Coutu bought his partner out and became the s...
In 1991, Jean Coutu and his wife Marcelle established the Marcelle and Jean Coutu Foundation to support both Quebec organizations and community development projects in Mali and Haiti (see Canadian Foundations). In 2000, the Canadian Friends of the Hebrew University of Jerusalem paid tribute to the Foundation’s humanitarian efforts by honouring the ...
Jean Coutu chaired the task force on business and employment during the Summit on the Economy and Employment (Quebec, 1996) and sat on some ten boards of directors during his career. In 2005, the Université de Montréal building housing the Faculty of Pharmacy was named after him. His autobiography, entitled Sans prescription ni ordonnance, was publ...
Velan Award, Rotary Club of Montreal (1989)Doctor of Laws, honoris causa, Concordia University(1991)Officer of the National Order of Quebec(1993)Honorary Doctorate, Université Laval(1994)Jean Coutu, OC OQ (born May 29, 1927) is a Canadian pharmacist and businessman. He is the founder and chairman of the Jean Coutu Group which he started in 1969. With an estimated net worth of $US 2.3 billion (as of 2015), Coutu was ranked by Forbes as the 22nd wealthiest Canadian and 938th wealthiest person in the world.
Jean Coutu, founder of the Jean Coutu Group, opened a discount pharmacy in Montreal with his associate at the time, Louis Michaud. They innovated in the retail sector with a large array of products, high-quality professional services and longer store-opening hours.
Career. Net Worth. Achievements. Jean Coutu founded the Canadian drugstore chain of the same name – Jean Coutu Group. In 2017, Coutu agreed to sell the publicly-traded company to European supermarket giant Metro for $4.5 billion in cash and stock.
The Jean Coutu Group, a subsidiary of METRO Inc., oversees METRO's pharmaceutical operations and provides franchise stores with a range of professional and technical support services, as well as supply, warehousing and delivery of pharmaceutical and parapharmaceutical products and consumer goods.
