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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]
In the early 2010s, Metro stores in Quebec launched an in-house loyalty program, metro&moi (Metro and Me), later rebranded simply Moi (or alternately Moi Rewards in English-speaking Canada) upon expansion to other Metro-owned banners such as Jean Coutu in 2023. Customers earn 1 point for every $1 spent at Metro in Quebec (1 point per $3 spent ...
Jean Coutu may refer to: Jean Coutu (actor), actor from Quebec, Canada; Jean Coutu (pharmacist), Quebec pharmacist; Jean Coutu Group, Quebec business; See also.
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.
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.
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.
This name was later shortened to UZEB. The band soon moved to Montreal. Drummer Paul Brochu joined Cusson and Caron in 1978. Until 1987, the band included a keyboardist: first Jean St-Jacques, followed by Stephan Montanaro (featured on the album Live in Bracknell), Sylvain Coutu, and then Michel Cyr.
The city and the province agreed to fund $33 million of the $100 million sales price Bronfman had settled on, [90] after which he and partner Jacques Ménard convinced 11 other Canadian businesses and businessmen—such as Bell Canada, Desjardins Group, the Jean Coutu Group and Loblaw Companies—to buy minority stakes.