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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, Rite Aid announced that it would acquire 1,858 Jean Coutu's Eckerd and Brooks U.S. operations for $1.45 billion in cash and issuing stock, giving Jean Coutu a 32% equity stake in Rite Aid. [6]
Eckerd Corporation was an American pharmacy retail chain that was headquartered in Largo, Florida, [1] and toward the end of its life, in Warwick, Rhode Island. [2] At its peak, Eckerd was the second-largest pharmacy chain in the United States, with approximately 2,802 stores in 23 states as far west as Arizona.
Brooks Pharmacy was the main trade name for The Jean Coutu Group (PJC) USA, Inc., which was formerly the U.S. subsidiary of the Quebec-based Jean Coutu Group, and is currently an in-name-only subsidiary of Rite Aid. The chain had more than 330 pharmacies, which were located throughout New England and New York. Brooks was a well-recognized name ...
Jean Coutu founded the Marcelle and Jean Coutu Foundation which mainly supports numerous causes such as poverty, women and child abuse, education, and the fight against drug addiction in Canada. [4] It has contributed to multiple organizations, including: Autism research [5] Centraide [6] Fondation Le Pilier [7] Mira [8] Moisson Montréal [4 ...
Julia Stiles is remembering Heath Ledger fondly as the 17th anniversary of his death approaches. Stiles, 43, made an appearance on Watch What Happens Live with Andy Cohen on Monday, Jan. 13, where ...
Here's how to pinpoint when you're actually in this phase of life even if your symptoms (hot flashes, mood swings, stress, dryness) are nonspecific.
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The chain was later sold to J.C. Penney, who built the number of stores to 2,600 before selling to rivals CVS and Jean Coutu. Stores in ten states from Florida west to Arizona became CVS; the stores from Georgia north to New York continued as Eckerd Corporation, run by Jean Coutu's US arm along with its New England–based Brooks chain.