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and then the
Ontario market in 1983. Beginning in 1987, the company began a series of acquisitions that continues. 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. The Jean Coutu Group was the first in Canada to set up an online service that allows customers to refill their prescriptions, then a year later expanded this concept by having the same system but that could be done over the telephone. Some of the titles this corporation has earned include "Canada’s Most Respected Corporations", and "The Most Admired Company in Quebec", which it has won seven times.
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The company became incorporated in 1973 under the name
Services Farmico, enticed by the five branches already set up in Montreal. The name was changed 13 years later to its current name, the Jean Coutu Group (PJC) Inc., and was put on the stock exchange. In 1982 it entered the New Brunswick market
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Since the end of the 1980s, the corporation has merged and acquired much of its competition. It has become one of the leading companies in Quebec and has been growing throughout the other provinces and into the United States because of its successful integration of acquisitions. There are many
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With the majority of its franchises in Quebec, it is the province from which it receives most of its revenue, although it has also gotten a great deal of profit from the United States. The main competition are
Loblaws and Shoppers Drug Mart, Wal-Mart, Familiprix, Brunet, and Uniprix.
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In May 2013, Jean Coutu announced that it would move its head office from
Longueuil to Varennes, because the present head office is too small. At a cost of $ 190 million, the new building will be near Autoroute 30 and it will be ready for 2016.
510:.) From 1999 to 2004 the chain was the second fastest-growing retailer in the world. In the second quarter of 2005, the company recorded a $ 19.7 million US foreign exchange loss on items related to the Eckerd acquisition. On August 24, 2006,
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The company is also known for its private line "Personnelle", which produces a wide variety of products such as cosmetics, papers, and pharmaceutical products. Since 2017, the main distribution warehouse is located in
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In August 2022, a Quebec pharmacist made headlines by refusing to sell a customer emergency oral contraception, better known as the morning-after pill, because it went against his religious beliefs.
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different trademarks and they are continuously increasing due to these mergers. Jean Coutu is a public company and is listed under PJC.A.TO. on the
Toronto Stock Exchange.
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In mid-2004, Coutu acquired more than half of the Eckerd store network (mainly units along the eastern seaboard) from department store retailer
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In July 2013, Coutu proceeded to the sale of its last shares of Rite Aid that it held. Jean Coutu no longer holds any shares of Rite Aid.
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While Jean Coutu oversees the
Hawkesbury distribution centre, the employees employed there currently work for DB Ontario inc.
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announced that it would acquire 1,858 Jean Coutu's Eckerd and Brooks U.S. operations for $ 1.45 billion in cash and issuing
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491:. The U.S. operations were sold off in a deal with Rite Aid. Coutu had purchased Brooks in 1994 from the now-defunct
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528:. Despite Jean Coutu being separated from Rite Aid 10 years prior, Jean Coutu was still listed in the filing.
506:. It continued to operate those stores under the Eckerd name. (The remainder of Eckerd's stores were sold to
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under the PJC Jean Coutu, PJC Clinique, and PJC Santé banners. The company was once the third largest
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845:"Quebec woman speaks out after pharmacist denies her morning-after pill due to his religious beliefs"
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drug chain. (Revco had acquired Brooks a few months earlier as part of its acquisition of
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Please help update this article to reflect recent events or newly available information.
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In
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1976-2015), though there is also a large distribution warehouse in
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763:"Rite Aid Completes Acquisition Of 1,854 Brooks and Eckerd Stores"
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THE JEAN COUTU GROUP – FOURTH QUARTER AND FISCAL YEAR 2017 RESULTS
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734:"Rite Aid confirms deal to acquire Eckerd and Brooks chains"
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815:"The Jean Coutu Group (PJC) USA, Inc. Files For Bankruptcy"
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Companies formerly listed on the
Toronto Stock Exchange
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Companies that filed for
Chapter 11 bankruptcy in 2023
675:"Metro Inc in talks to buy Jean Coutu for C$ 4.50 bln"
621:"Company Profile for Jean Coutu Group Inc (CA;PJC.A)"
499:, once a large operator of several pharmacy chains.)
708:Canadian Business - Your Source For Business News
37:may be compromised due to out-of-date information
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148:Learn how and when to remove this message
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298:The headquarters of Jean Coutu Group in
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855:from the original on 25 September 2023
416:The company was co-founded in 1969 by
84:Please improve this article by adding
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917:Retail companies established in 1969
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328:Jean Coutu Group (PJC) Inc.
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314:A Jean Coutu pharmacy in
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420:and Louis Michaud, as a
376:and related products in
16:Canadian drugstore chain
348:. It has more than 400
254:$ 2977.9 million (2017)
681:. September 27, 2017.
646:"History | Jean Coutu"
610:Retrieved 5 June 2020.
548:(Pharmaprix in Quebec)
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73:relies excessively on
526:Chapter 11 bankruptcy
461:Warwick, Rhode Island
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161:Jean Coutu Group Inc.
821:. October 15, 2023.
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455:Jean Coutu Group USA
424:in the east end of
260:Number of employees
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773:on 7 January 2008.
606:2022-01-10 at the
546:Shoppers Drug Mart
497:Hook's-SupeRx, Inc
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97:"Jean Coutu Group"
851:. 5 August 2022.
650:www.jeancoutu.com
340:headquartered in
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829:October 16,
799:October 16,
738:MarketWatch
504:J.C. Penney
473:New England
366:distributor
201:Drug Stores
942:Metro Inc.
902:Franchises
891:Categories
748:2017-09-27
718:2018-05-20
689:2017-09-27
660:2024-03-20
631:2016-07-06
588:References
552:Familiprix
471:banner in
465:east coast
418:Jean Coutu
402:Hawkesbury
350:franchised
275:Metro Inc.
240:Jean Coutu
235:Key people
178:Subsidiary
138:March 2024
108:newspapers
75:references
878:Official
487:south to
449:Metro Inc
398:Longueuil
335:drugstore
185:Traded as
859:20 March
853:Archived
849:CBC News
823:Archived
793:Archived
767:Rite Aid
742:Archived
712:Archived
683:Archived
654:Archived
625:Archived
604:Archived
512:Rite Aid
426:Montreal
422:pharmacy
390:Varennes
382:Rite Aid
370:retailer
342:Varennes
332:Canadian
300:Varennes
219:Varennes
198:Industry
882:website
679:Reuters
557:Uniprix
489:Georgia
412:History
406:Ontario
396:(after
358:Ontario
316:Shediac
283:Website
246:Revenue
206:Founded
122:scholar
819:BKData
562:Proxim
394:Quebec
362:Quebec
346:Quebec
304:Quebec
270:Parent
228:Canada
223:Quebec
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568:Notes
516:stock
493:Revco
479:from
338:chain
330:is a
129:JSTOR
115:books
861:2024
831:2023
801:2023
483:and
475:and
368:and
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