The company was co-founded in 1969 by the namesake, as a pharmacy in the East end of Montreal. In 1973 Jean Coutu bought a warehouse and started the franchising operations which would eventually make the company a pharmaceuticals retail conglomerate.
In April2004 Jean Coutu announced that it would pay $2.38 billion US for 1,538 Eckerd drug stores in 13 states in the Northeast and Mid-Atlantic United States, as well as Eckerd's headquarters in Florida.
External link
Jean Coutu Group Official Website (http://www.jeancoutu.com)
The JeanCoutu Group is a Canadian company and the second largest distributor and retailer of pharmaceuticals and related products in North America.
In 1973 JeanCoutu bought a warehouse and started the franchising operations which would eventually make the company a pharmaceuticalsretail conglomerate.