Jean Coutu Net Worth is$1.95 Billion
VN:F [1.9.22_1171]
deserves the money?
Rating: 0.0/5 (0 votes cast)
VN:F [1.9.22_1171]
Would you date ?
Rating: 0.0/5 (0 votes cast)
Nationality: Canada
Date of Birth: 1927-05-29
Place of Birth: Montreal
Jean Coutu Net Worth: Jean Coutu is a Canadian pharmacist and entrepreneur who has a net worth of $1.95 billion. Born on May 29, 1927, in Montreal, Canada, Coutu got to the billionaires' list with his pharmaceutical chain of drugstores, the Jean Coutu Group. In 1969, he started the first drugstore, and gradually developed it into a massive pharmaceutical group, which currently holds a network of over 400 franchised drugstores in Canada. Moreover, in 2007, Coutu sold his Eckerd and Brooks brands to Rite Aid, a U.S. drugstore chain, for $3.4 billion, which brought him 20% stake of Rite Aid that made Coutu its major shareholder. In 2012, the group's revenues raised up for almost 5% from the previous year, which brought a profit of $ 2.8 billion. Today, Coutu serves as the Chairman, while his son Francois is the President and CEO of the group. In addition, this 86-year-old pharmacist supported the Quebec Association of pharmacists-owners, and the Foundation Marcelle et Jean Coutu, a charitable foundation committed to fighting poverty.
The Jean Coutu Group (PJC) Inc. is a Canadian drugstore chain headquartered in Longueuil, Quebec. The main distribution warehouse is located in Longueuil, Quebec, however it also has a large distribution warehouse in Hawkesbury, Ontario. While Jean Coutu oversees the Hawkesbury distribution centre, the employees employed there currently work for DB Ontario inc. It has more than 360 franchised locations in New Brunswick, Ontario and Quebec under the PJC Jean Coutu, PJC Clinique and PJC Sant?(C) Beaut?(C) banners. The company was once the second-largest distributor and retailer of pharmaceuticals and related products in North America, with nearly 2,200 drug stores. Its American stores have been sold to Rite Aid.
The company is also known for its private line "Personnelle", which produces a wide variety of products such as cosmetics, papers, and pharmaceutical products.

The company was co-founded in 1969 by Jean Coutu and Louis Michaud, as a pharmacy in the east end of Montreal.
The company became incorporated in 1973 under the name Services Farmico, enticed by the five branches already set up in Montreal. The name was changed 13 years later to its current name, the Jean Coutu Group (PJC) Inc. and was put on the stock exchange. In 1982 it entered the New Brunswick market and then the Ontario market in 1983. Beginning in 1987, the company began a series of acquisitions that continues. Over the past 20 years, the Jean Coutu Group has acquired Cadieux drugstores, twelve Cloutier Pharmacy outlets, sixteen Douglas Drug Inc. outlets, 221 outlets of the Brooks Drug Store, Rite Aid drugstores, retail properties, eight Mayrand drugstores, 19 Cumberland stores and many more in the United States. The Jean Coutu Group was the first in Canada to set up an online service that allows customers to refill their prescriptions, then a year later expanded this concept in Quebec by having the same system but that could be done over the telephone. Some of the titles this co

(Visited 14 times, 1 visits today)

Jean Coutu Latest News

Why Metro (TSX:MRU) Is the Ultimate Grocery Stock

Between Food Basics, Metro (TSX:MRU), and Jean Coutu, you would be hard pressed to find a Canadian that has not set foot in one of these stores. As an investor, this should be exciting news for you, ...
Posted: August 12, 2019, 5:39 am

Metro gains in Q3 but falls short of analysts’ forecast

Canadian food and drug retailer Metro Inc. reported increased earnings but missed analysts’ earnings estimate by a penny for the fiscal 2019 third quarter, with sales lifted in part by acquired Jean ...
Posted: August 14, 2019, 10:51 am

Metro Inc. (MTRAF) CEO Eric La Fleche on Q3 2019 Results - Earnings Call Transcript

To begin with, I would like to point out that in the third quarter last year; our results included Jean Coutu numbers for a little more than eight weeks as opposed to 16 weeks of this year.
Posted: August 14, 2019, 12:02 pm
Related Topics:
How Much Is Jean Coutu Earnings, How Much Is Jean Coutu Income, How Much Is Jean Coutu Net Worth, How Much Is Jean Coutu Salary, How Much Is Jean Coutu Worth, Jean Coutu, Jean Coutu 266, Jean Coutu Age, Jean Coutu Annual Report, Jean Coutu Bio, Jean Coutu Circulaire, Jean Coutu Country, Jean Coutu Date Of Birth, Jean Coutu Dieppe, Jean Coutu Earnings, Jean Coutu Ethnicity, Jean Coutu Flyer, Jean Coutu Gossips, Jean Coutu Group, Jean Coutu Head Office, Jean Coutu Height, Jean Coutu History, Jean Coutu Home Town, Jean Coutu Hours, Jean Coutu Images, Jean Coutu Income, Jean Coutu Investor Relations, Jean Coutu Job, Jean Coutu Kirkland, Jean Coutu Laval, Jean Coutu Linkedin, Jean Coutu Locations, Jean Coutu Magazine, Jean Coutu Nationality, Jean Coutu Net Worth, Jean Coutu Networth, Jean Coutu News, Jean Coutu Online, Jean Coutu Partner, Jean Coutu Pharmacist, Jean Coutu Pharmacy Montreal, Jean Coutu Photo, Jean Coutu Photo Centre, Jean Coutu Place Of Birth, Jean Coutu Quebec, Jean Coutu Queen Mary, Jean Coutu Rite Aid, Jean Coutu Rumors, Jean Coutu Salary, Jean Coutu Secrets, Jean Coutu Stock, Jean Coutu Store Locator, Jean Coutu Usa, Jean Coutu Videos, Jean Coutu Weight, Jean Coutu Wiki, Jean Couture Saint Anselm, Jean Couturier, Jean Couturier 12, Jean Couturier Coriandre, Jean Couturier Perfume, Who Is Jean Coutu,