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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]
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).
Acquired by Jean Coutu Group following the divestiture of 1,271 stores to CVS Jean Coutu's U.S. division was divested to Rite Aid in 2007, and all ex-PJC stores, including Eckerd, were converted to Rite Aids Eckerd Corporation itself remains an active in-name-only subsidiary of Rite Aid Corporation. Successor: Rite Aid CVS Pharmacy: Headquarters
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.
Jean Coutu may refer to: Jean Coutu (actor), actor from Quebec, Canada; Jean Coutu (pharmacist), Quebec pharmacist; Jean Coutu Group, Quebec business; See also.
Rexall was founded in 1904 during the early days of the United Drug Company and quickly established itself as a major retail pharmacy chain. At the same time, Tamblyn Drugs was establishing itself in Toronto, Ontario, and would eventually become Pharma Plus. These two companies would later merge to form the Rexall Pharmacy Group. [3]
Rimouski-Neigette (French pronunciation: [ʁimuski nɛʒɛt]) is a regional county municipality in the Bas-Saint-Laurent region of Quebec, Canada. The county seat is in Rimouski . Subdivisions
Plumb's Drugs, Rexall in Bellefonte, Pennsylvania. Rexall was a chain of American drugstores, and the name of their store-branded products.The stores, having roots in the federation of United Drug Stores starting in 1903, licensed the Rexall brand name to as many as 12,000 drug stores across the United States from 1920 to 1977.