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Topic: Jean Coutu


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In the News (Tue 8 Dec 09)

  
 Ernst & Young Canada - Media - 2002 - EOY2002 Lifetime Quebec   (Site not responding. Last check: 2007-10-20)
Coutu handed over the reins of his company to his son, Francois Jean Coutu, who will now hold the position of chief executive officer, while his father continues to act as chairman.
Jean Coutu, a pharmacist and entrepreneur with a unique vision to transform his industry, started the Jean Coutu Group in 1969 with the opening of a discount pharmacy in Montreal.
Coutu and his wife, Marcelle Coutu, have set up a foundation that bears their name and whose actions reflect the social commitment of the Jean Coutu Group.
www.ey.com /GLOBAL/content.nsf/Canada/Media_-_2002_-_EOY2002_Lifetime_Quebec   (700 words)

  
 Canadian firm buying local Eckerds   (Site not responding. Last check: 2007-10-20)
Francois Coutu, president and chief executive officer of the Jean Coutu Group, said during a conference call Monday there were no plans to close any of the purchased locations.
Jean Coutu will pay $2.38 billion for 1,539 stores, six distribution centers, 28 regional and district offices and Eckerd’s home office in Florida.
Jean Coutu operates 324 locations in Canada, primarily in Quebec.
www.pressrepublican.com /Archive/2004/04_2004/040720045.htm   (442 words)

  
 Forbes.com: CORRECTED - UPDATE 1-Jean Coutu makes U.S. push with Eckerd purchase   (Site not responding. Last check: 2007-10-20)
Jean Coutu said the acquired drugstores, spread across 13 states in the northeast and mid-Atlantic, will continue to operate under the Eckerd name.
Jean Coutu already operates 324 stores in Canada and 333 in the United States, where it has outlets under the Brooks banner.
Jean Coutu expects the acquisition, forecast to close in June, to add more than 10 percent to per share earnings in 2005 and 2006, but have no effect on profit in 2004.
www.forbes.com /reuters/newswire/2004/04/05/rtr1324020.html   (847 words)

  
 CVS, Jean Coutu Group to buy Eckerd's chain - UrbanPlanet.org
The Jean Coutu Group, a Canadian company that sources said is nearing a deal to buy part of the Eckerd drugstore chain from J.C. Penney Co. confirmed Friday that it is negotiating to buy U.S. stores.
Rhode Island-based CVS and Montreal-based Jean Coutu Group, which owns the Brooks Pharmacy chain in the U.S., will split the 2,800 Eckerd's stores in 23 states in the deal reached after the conclusion of a lengthy auction process.
Jean Coutu Group will get about 1,540 drug stores and support facilities located in 13 northeastern and mid-Atlantic states and the Eckerd home office in Florida, for $2.375 billion.
www.urbanplanet.org /forums/index.php?showtopic=3343   (820 words)

  
 Court to Coutu: Smokes must go - Saturday 5 September 1998 -
Coutu called the order "dictatorial" in a July 22 interview, after storming out of a press conference when a reporter asked him about the issue.
Coutu had argued that a law adopted in the National Assembly in June gave pharmacists until Oct. 1, 2000, to stop selling tobacco.
Jean Thiffault, co-owner of a Jean Coutu franchise, said the tobacco ban "is going to cost us many thousands of dollars." But the effect will be short-lived, he added.
www.forces.org /articles/files/coutu.htm   (761 words)

  
 Penney sells Eckerd for $4.5B - Apr. 5, 2004
The Jean Coutu Group will acquire 1,539 stores located in northeast and mid-Atlantic states, as well as the Eckerd Home Office in Florida, for $2.3 billion.
Questrom suggested that Jean Coutu Group, which runs a 330-store Brooks Pharmacy chain in the United States, would continue to keep the Eckerd name.
Jean Coutu was not immediately available for comment.
money.cnn.com /2004/04/05/news/fortune500/penney_eckerd   (404 words)

  
 Ottawa Business Journal - News Story
Quebec-based pharmacy giant The Jean Coutu Group enjoyed big revenue gains in its first quarter, but acquisition costs pushed down earnings by 29 per cent.
Excluding the one-time costs associated with the Eckerd deal, Jean Coutu's earnings before interest, taxes, depreciation and amortization rose to $62.2 million from $60.1 million.
We completed the first month of operations of the Eckerd drugstores and are proceeding with the integration plan," president and CEO Francois Coutu said in a statement.
www.ottawabusinessjournal.com /286863600524292.php   (316 words)

  
 Drugstore chain smoking mad - Wednesday 22 July 1998 -
Jean Coutu, founder of Le Groupe Jean Coutu, with 250 franchises across Eastern Canada, is at the front line.
Jean Coutu is going to Superior Court on Aug. 3 to have that decision invalidated.
Jean Coutu is in the minority now, since more than 80 per cent of pharmacies no longer sell tobacco products, Matte said.
www.forces.org /articles/files/quepharm.htm   (542 words)

  
 CBC News:Jean Coutu confirms U.S. negotiations   (Site not responding. Last check: 2007-10-20)
MONTREAL - Jean Coutu Group confirmed Friday it is in negotiations "in order to increase its presence in the United States."
Jean Coutu Group already owns 332 U.S. drugstores under the Brooks Pharmacy name in six northeastern states.
Coutu is the second-biggest Canadian drugstore chain after Shoppers Drug Mart, with more than 320 outlets; most are in Quebec.
www.cbc.ca /stories/print/2004/04/02/business/jeancoutu_040402   (270 words)

  
 Bloomberg.com: Canada
Jean Coutu was expected to earn 17 cents a share, the average forecast of six analysts surveyed by Thomson Financial.
Jean Coutu won't disclose so-called same-store sales, a measure that excludes the effect of closing and opening stores, until it has owned the stores for a year.
Jean Coutu has declined to provide profit forecasts since acquiring the Eckerd stores, which more than tripled its number of outlets.
www.bloomberg.com /apps/news?pid=10000082&sid=a3LweaESHskM&refer=canada   (577 words)

  
 CANOE Money: Sectors - Drugstore chain Jean Coutu's Q1 profit sinks to US$11.1M on Eckerd costs   (Site not responding. Last check: 2007-10-20)
MONTREAL (CP) - Shares in Jean Coutu Group Inc. fell more than 13 per cent on Tuesday as the fourth largest drugstore chain in North America reported poor results on its large U.S. operations for the first quarter.
Jean Coutu shares closed off $2.55 Cdn at $16.60, a drop of 13.32 per cent, trading nearly four million shares.
Coutu added that sales were also hurt by fewer new prescription drugs coming to market, while generic drug sales are taking a larger share.
money.canoe.ca /News/Sectors/BiotechnologyHealth/2005/08/03/1157797-cp.html   (545 words)

  
 Management Ventures Inc.   (Site not responding. Last check: 2007-10-20)
Jean Coutu Group reported revenues of USD2.7 billion for the fiscal second quarter ended November 27, 2004.
During the fiscal second quarter, Jean Coutu closed 2 drugstores and opened 38, 20 of which were relocations.
As of November 27, 2004, Jean Coutu Group operated 335 Brooks drugstores and 1,569 Eckerd drugstores in 18 US states, and 321 PJC drugstores in 3 Canadian provinces.
www.mventures.com - !http: //www.mventures.com/News/newsdetail.asp?NewsID=33212   (342 words)

  
 Drug Store News: Jean Coutu denies report that deal in U.S. is at hand - Cover Story - Brief Article
The Jean Coutu Group's 2002 annual report does state that the company is interested in expanding geographically and that it is in a strong enough financial position to do so.
According to the Canadian news report, chairman Jean Coutu suggested any acquisition his company makes would fall in the Canadian $500 million to $1 billion range.
Jean Coutu did announce at the company's annual meeting that he would transfer control of the Jean Coutu Group to his son, Francois Jean Coutu.
www.findarticles.com /p/articles/mi_m3374/is_12_24/ai_92285979   (588 words)

  
 Awareness   (Site not responding. Last check: 2007-10-20)
The Jean Coutu Group is being advised by Deutsche Bank and Merrill Lynch on the acquisition.
Other interested individuals are invited to listen to the live or deferred broadcast on the Jean Coutu Group corporate website at www.jeancoutu.com or Brooks’ website at www.brooks-rx.com.
The Jean Coutu Group is the largest company in its sector in Quebec, second in Canada and fourth in North America after the closing of the Eckerd acquisition.
www.brooks-rx.com /eckerd.htm   (596 words)

  
 The Jean Coutu Group - First quarter results
About The Jean Coutu Group The Jean Coutu Group (PJC) Inc. is now the fourth largest drugstore chain in North America and the second largest in both the eastern United States and Canada.
The Jean Coutu Group's United States operations employ over 45,600 persons and comprise 1,549 Eckerd and 336 Brooks drugstores, all corporate owned stores located in 18 states of the Northeastern, mid-Atlantic and Southeastern United States.
The Jean Coutu Group's Canadian operations and the drugstores affiliated to its network employ over 14,000 people and comprise 277 PJC Jean Coutu stores, 40 PJC Clinique and 2 PJC Sante Beaute, all franchised, in Quebec, New Brunswick and Ontario.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/10-08-2004/0002269277&EDATE=   (358 words)

  
 Drug Store News: Balancing new strategies with established markets - Jean Coutu Group's Canadian operation - Brief ...
Citing a "maturing" of its concept, the Jean Coutu Group's Canadian operation--Pharmacies Jean Coutu--continued to focus its energies over the past year on revitalizing its network of franchised units.
One advantage for Coutu is its 32-year presence in its major market of Quebec, where it has the highest concentration of its stores.
He added that Pharmacies Jean Coutu's efforts to attract new pharmacists by improving quality of life issues are being thwarted by the new demands.
www.findarticles.com /p/articles/mi_m3374/is_6_23/ai_73847879   (748 words)

  
 Le Groupe Jean Coutu Realizes Savings With Document Imaging Technology   (Site not responding. Last check: 2007-10-20)
The use of advanced technology such as electronic document management is rapidly becoming a strategic weapon in the retail sector and a necessary tool for the enterprise who manages and stores millions of paper documents annually.
Jean Coutu has a network of 255 franchised outlets across eastern Canada, and 242 Brooks Pharmacy outlets throughout the New England states.
Organizations such as Jean Coutu manage thousands of paper documents from hundreds of sources on a daily basis.
www.advsolgrp.com /pjccase.htm   (434 words)

  
 Eckerd HQ May Bring $40 Million - from TBO.com   (Site not responding. Last check: 2007-10-20)
LARGO - A subsidiary of Jean Coutu Group, the Quebec company that is buying 1,539 of Eckerd Corp.'s stores and its Largo headquarters, hopes to earn at least $40 million from the sale of the Eckerd headquarters complex, according to a real estate executive with the subsidiary.
Peter Schmitz, vice president of real estate for Brooks Pharmacy, which is Jean Coutu's brand in the United States, said the company will begin marketing the Eckerd headquarters for sale within weeks.
Jean Coutu and fellow drugstore chain CVS Corp. are expected to complete their purchase of Eckerd's 2,799 stores by week's end.
news.tbo.com /news/MGBHRZ7D5XD.html   (487 words)

  
 Financials.com - Annual Reports, Stock Quotes and more
About The Jean Coutu Group The Jean Coutu Group (PJC) Inc. is the fourth largest drugstore chain in North America and the second largest in both the eastern United States and Canada.
The Jean Coutu Group's United States operations employ 46,000 people and comprise 1,851 corporate owned stores located in 18 states of the Northeastern, mid-Atlantic and Southeastern United States.
The Jean Coutu Group's Canadian operations and franchised drugstores in its network employ over 14,000 people and comprise 321 PJC Jean Coutu franchised stores in Quebec, New Brunswick and Ontario.
www.financials.com /c/info/story.cfm?storynum=1642320   (559 words)

  
 PRESS RELEASE IBM Helps Jean Coutu Grow Into North America's Fourth Largest Drug Store Company   (Site not responding. Last check: 2007-10-20)
The Jean Coutu Group signed an agreement with J.C. Penney in April of this year to acquire Eckerd drug stores and support facilities located in 13 states of the Northeast and mid-Atlantic United States, as well as Eckerd's headquarters in Florida.
"IBM and The Jean Coutu Group have a long standing business relationship and we are pleased to contribute again to their growth and success as they further expand in the U.S. market," said Denis Desbiens, Vice-President, Quebec, IBM Canada.
The Jean Coutu Group (PJC) is the largest company in its sector in Quebec, second in Canada and fourth in North America after the closing of the Eckerd acquisition.
www.marketwire.com /mw/release_html_b1?release_id=73061   (542 words)

  
 Drug Store News: Breaking out of the regional mold - Jean Coutu Group Inc - Statistical Data Included
While Jean Coutu failed to cut a deal with Shoppers' parent company then, Montreal-based Imasco, the intensive and costly exercises that led up to that point signaled its ambitions to break out of the regional mold in Canada.
One reason, Coutu said, is what he described as the added credibility of these products to the pharmacists in the franchise system.
Of course, another advantage of the redesign is to keep Jean Coutu stores competitive in the face of an assault by mass and grocery channels.
www.findarticles.com /cf_dls/m3374/6_22/62117868/p1/article.jhtml   (1246 words)

  
 Jean Coutu   (Site not responding. Last check: 2007-10-20)
Si Jean Coutu connut une carrière fulgurante sur les planches, c'est toutefois à partir de 1954, grâce à son personnage du Survenant, du roman du même écrit par Germaine Guèvremont, qu'il devint célèbre.
Durant sa carrière, Jean Coutu a joué dans de nombreux téléromans, notamment «Toi et Moi», de Janette Bertrand et Jean Lajeunesse, «Je vous ai tant aimé», «L'Or du Temps», «Les Filles d'Ève», «Sous le signe du lion», «M. Lecoq», «Moi et l'autre» et «Le Clan Beaulieu».
Jean Coutu, qui est aussi le père de l'actrice Angèle Coutu, est décédé le 1er novembre 1999 d'une insuffisance respiratoire.
archives.emissions.ca /artisan_1468.html   (194 words)

  
 Bloomberg.com: U.S.
Jean Coutu, the Canadian pharmacy chain buying Eckerd drugstores, sold $1.2 billion of notes.
High-yield, or junk-rated borrowers such as Jean Coutu accounted for about 22 percent of debt sold last week, compared with the 27 percent average this year, Bloomberg data showed.
Jean Coutu sold $850 million in 10-year notes with a coupon, or annual interest payment, of 8.5 percent.
quote.bloomberg.com /apps/news?pid=10000103&sid=az_T93f_9TGo&refer=us   (958 words)

  
 Stagnito Communications - Confectioner
The Jean Coutu Group is the second-largest company in the drug store sector in Canada.
When Brooks Pharmacy’s parent company, The Jean Coutu Group, signed an agreement with J.C. Penney Co. to acquire approximately 1,539 Eckerd drugstores and support facilities this spring, it was a case of the little fish swallowing the bigger one.
Brothers Francois Jean Coutu and Michel Coutu explained in an April presentation to financial analysts and members of the media that when their company acquired Brooks in 1995 the contrast between the acquirer and the acquired was even more dramatic — 242 Brooks outlets vs. 20 Jean Coutu pharmacies.
www.confectioner.com /content.php?s=CO/2004/06&p=3   (2371 words)

  
 About Brooks   (Site not responding. Last check: 2007-10-20)
The Jean Coutu Group is now the fourth largest drugstore chain in North America, with a combined network of 2,204 stores.
The Jean Coutu Group (PJC) Inc. is now the fourth largest drugstore chain in North America and the second largest in both the eastern United States and Canada.
The Group's Canadian operations and the drugstores affiliated to its network employ over 14,000 persons and comprises 277 PJC Jean Coutu drugstores, 40 PJC Clinic and 2 PJC Santé Beauté, all franchised, in Quebec, New Brunswick and Ontario.
www.brooks-rx.com /about_nationslargest.htm   (379 words)

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