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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.
In July 2004, JCPenney sold the Eckerd chain to CVS Corporation and Jean Coutu Group for a total of $4.5 billion (~$6.96 billion in 2023). [10] CVS acquired 1,271 Eckerd stores, and support facilities, in Florida, Texas, and other Southern states, as well as Eckerd's pharmacy benefits management and mail order businesses, for $2.15 billion. [ 10 ]
Jean Coutu Group (1994–2007) Brooks Pharmacy was a chain of more than 330 pharmacies located throughout New England and New York and was a well-recognized name in the New England pharmacy industry for several decades.
Harris failed to do that as well, and Eckerd was sold to a combination of Jean Coutu Group and CVS Corporation in 2004. A Grand Union store in Glenmont, New York, in 2004. In addition to the now-critical debt being borne by Grand Union, the company was unable to build the stores it wanted to as there was not enough money left.
Most of these stores that closed were pre-existing Rite Aids from before the Eckerd deal, since Eckerd had built newer, more modern stores with drive-through pharmacies and larger space under ownership of both JCPenney and Jean Coutu Group; and the "moved to" sites were converted Eckerds. Employees at the closed stores were transferred to ...
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Jean Coutu re-branded the acquired Osco stores as Brooks Pharmacy. Also in 2002, Albertsons, due to financial difficulties, closed several of its stores across the country including all stores in the Des Moines, Iowa , metro market.
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.