Jean Coutu, Canadian pharmacist and businessman, founded the Jean Coutu Group
Jean Coutu (pharmacist)
Jean Coutu, is a Canadian pharmacist and businessman. He is the founder and chairman of the Jean Coutu Group which he started in 1969. With an estimated net worth of $US 2.3 billion, Coutu was ranked by Forbes as the 22nd wealthiest Canadian and 938th wealthiest person in the world.
Jean Coutu Group
The Jean Coutu Group (PJC) Inc. is a Canadian pharmacy chain based in Varennes, Quebec. The company operates over 400 franchised locations across Quebec, Ontario, and New Brunswick under the banners PJC Jean Coutu, PJC Clinique, and PJC Santé. At its peak, it was the third-largest distributor and retailer of pharmaceuticals and related products in North America, managing nearly 2,200 drugstores. The company formerly operated in the United States through its subsidiary, The Jean Coutu Group (PJC) USA, Inc., under the Brooks Pharmacy and Eckerd Drugs brands. These U.S. operations were sold to Rite Aid in 2007; although the subsidiary remains legally active under Rite Aid, all its stores have since been rebranded.