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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]
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 ...
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 ...
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Jean Coutu (US stores acquired by Rite Aid in 2004) K&B (Acquired by Rite Aid in 1997) Kerr Drug (acquired by Walgreens in 2013) Lane Drug (purchased by Rite Aid in 1989) LaVerdiere's (purchased by Rite Aid in 1994) Medi Mart (sold to Walgreens in 1980s) Osco Drug (freestanding stores acquired by and converted to CVS in 2006)