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The company was co-founded in 1969 by Jean Coutu and Louis Michaud, as a pharmacy in the east end of Montreal under the name Pharm-Escomptes Jean Coutu. The company became incorporated in 1973 under the name Services Farmico, enticed by the five branches already set up in Montreal.
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 ...
Cumberland Drugs was a pharmacy chain that operated stores in Quebec (with majority of them in the Montreal area) and Eastern Ontario.Founded in 1967, [1] Cumberland Drugs was sold in 1997 upon the retirement of Morrie Neiss (none of his heirs were interested in carrying on the family business), selling most stores to Jean Coutu, Uniprix and Essaim/Obonsoins (now Proxim).
On August 23, 2006, The Wall Street Journal announced that Rite Aid would acquire the U.S. subsidiary of Quebec-based Jean Coutu Group, including 1,858 Eckerd Pharmacy and Brooks Pharmacy stores, for US$3.4 billion in cash and issuing stock, which would also give Jean Coutu a 32% equity stake in Rite Aid.
The name Osco Drug was chosen as the national chain banner because of the large number of stores which already had that name and existed in various parts of the US. The name change was completed for the Skaggs drugstores in 1985 and then for the Sav-on stores in 1986. The name "Osco" did not resonate well with Sav-on's Southern California ...
Starting in the autumn of 2008, the Royal Canadian Mint created six fifty cent coins embedded in a plastic sports card. The coins were double dated 1908 and 2008 to commemorate the Canadiens centennial. All the coins were distributed through the Jean Coutu Pharmacy chain in Quebec. All coins had a retail price of $9.95 each.
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:
Finally, following the closure of the Dupuis store in 1978, the building housing it was redeveloped to create the Les Atriums office building, opened in 1981. Currently the shopping center has a Bureaux En Gros office supply superstore, IGA supermarket, Jean Coutu pharmacy, SAQ liquor store, and an 11-outlet food court. [1]