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- 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 giant Metro for $4.5 billion in cash and stock.
www.forbes.com/profile/jean-coutu/
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Over the past 20 years, the Jean Coutu Group has acquired Cadieux drugstores, twelve Cloutier Pharmacy outlets, sixteen Douglas Drug Inc. outlets, 221 outlets of the Brooks Drug Store, Rite Aid drugstores, retail properties, eight Mayrand drugstores, 19 Cumberland stores, and many more in the United States.
Jean Coutu merged the Eckerd stores it acquired with its existing American pharmacy, Brooks. The merged company was based at Brooks' corporate headquarters in Warwick, Rhode Island. The Eckerd and Brooks chains shared many of the same corporate functions.
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.
2 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 giant...
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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.
Oct 4, 2017 · Metro just bought Jean Coutu, bringing together a leading grocer and the top drug chain in Quebec in a long rumored match up. This move follows Loblaw’s announced acquisition of Shoppers...
In 1987, The Jean Coutu Group acquired the 22 branches of Maxi Drug pharmacies and gradually launched five Maxi Drug pharmacies (later converted to Brooks Pharmacies), in the United States. In 1990, Jean Coutu withdrew from some of his administrative responsibilities but remained active as chairman of the board and chief executive officer; his ...
