NT_1170x120_1-11-18

Jean Coutu Group

Metro completes Jean Coutu acquisition financing

Metro completes Jean Coutu acquisition financing

MONTREAL — Metro Inc. has wrapped up financing for its $4.5 billion (Canadian) deal to acquire the Jean Coutu Group. The Canadian food and drug retailer updated the status of the Jean Coutu acquisition on Tuesday in reporting its fiscal 2018 first-quarter results. Metro said sales rose 4.7% year over year to $3.11 billion, while

Jean Coutu retail network sales climb in 3Q

Jean Coutu retail network sales climb in 3Q

VARENNES, Quebec — Retail network sales rose in the fiscal 2018 third quarter at the Jean Coutu Group, which posted declined corporate sales and earnings. On Thursday, the company also reaffirmed the closing timetable for its acquisition by Canadian food and drug retailer Metro Inc. The $4.5 billion (Canadian) Jean Coutu-Metro merger transaction, announced in

Shareholders OK sale of Jean Coutu Group

Shareholders OK sale of Jean Coutu Group

MONTREAL — Jean Coutu Group shareholders have overwhelmingly approved the sale of the pharmacy chain to fellow Quebec retailer Metro Inc. A near-unanimous 99.9% of votes cast sanctioned the $4.5 billion transaction, which was well above the two-thirds ­requirement. Shareholders of Coutu are being offered a combination of cash and stock worth about $24.50 per

Jean Coutu shareholders OK acquisition by Metro

Jean Coutu shareholders OK acquisition by Metro

MONTREAL — Jean Coutu Group shareholders have overwhelmingly approved the planned sale of the pharmacy chain to Quebec food and drug retailer Metro Inc. Jean Coutu said Wednesday that a near-unanimous 99.9% of votes cast sanctioned the $4.5 billion (Canadian) transaction, which was well above the two-thirds ­requirement. Under the Jean Coutu acquisition deal, the

Metro agrees to acquire Jean Coutu Group

Metro agrees to acquire Jean Coutu Group

MONTREAL — The acquisition of the Jean Coutu Group by Metro Inc. will create a $16 billion food and drug retailer with 1,307 stores in Quebec, Ontario and News Brunswick. Metro has agreed to purchase Coutu for $24.50 per share in cash and stock in a total deal valued at $4.5 billion ($3.6 billion U.S.).

Jean Coutu Group tallies 2Q sales gains

Jean Coutu Group tallies 2Q sales gains

VARENNES, Quebec — Retail and corporate sales climbed at Jean Coutu Group in the fiscal 2018 second quarter, the first reporting period since its $4.5 billion (Canadian) deal to be acquired by Metro Inc. Net profit per share in the quarter ended Sept. 2 topped analysts’ consensus forecast but came in two cents less than

Metro, Jean Coutu strike deal to merge

Metro, Jean Coutu strike deal to merge

MONTREAL — Just days after confirming talks about a potential deal, Metro Inc. and the Jean Coutu Group have agreed to merge. The companies said Monday that Metro plans to acquire Jean Coutu Group for $24.50 per share in cash and stock in a total deal valued at $4.5 billion ($3.6 billion U.S.). Under the

Jean Coutu in talks to be acquired by Metro

Jean Coutu in talks to be acquired by Metro

MONTREAL — The Jean Coutu Group is in advanced negotiations for a potential acquisition by food and drug retailer Metro Inc. Jean Coutu and Metro confirmed the discussions noontime on Wednesday after the Investment Industry Regulatory Organization of Canada (IIROC) said in the morning that trading of shares for both companies had been halted. Under

Jean Coutu stores see 1Q sales surge

Jean Coutu stores see 1Q sales surge

VARENNES, Quebec — Double-digit gains in the pharmacy hoisted Jean Coutu Group’s retail store network sales in the fiscal 2018 first quarter. Jean Coutu said Tuesday that for the first quarter ended June 3, 2017, sales in the franchised store network totaled $1.15 billion (Canadian), up 7% from $1.08 billion a year earlier. Revenue rose

Jean Coutu adds Clinique prestige beauty brand

Jean Coutu adds Clinique prestige beauty brand

VARENNES, Quebec — Jean Coutu Group is expanding its beauty care offerings with the debut of the Clinique prestige brand in select stores. The Canadian drug chain said Friday that five stores — four in Montreal and one in Saint John, New Brunswick — now carry Clinique products. Plans call for 54 stores to offer

Jean Coutu has strong close to 2017 fiscal year

Jean Coutu has strong close to 2017 fiscal year

VARENNES, Quebec — Jean Coutu Group saw retail and corporate sales climb for the fourth quarter and full year of fiscal 2017. Adjusted earnings per share also were in line with analysts’ expectations, with year-end EPS topping the consensus estimate. Jean Coutu Group said Thursday that for the 14-week fourth quarter ended March 4, revenue

Jean Coutu pharmacies launch travel health services

Jean Coutu pharmacies launch travel health services

VARENNES, Quebec — Jean Coutu Group and its affiliated pharmacist-owners have rolled out travel health services. The Quebec-based drug chain said the services include immunizations, prescriptions for certain conditions and pharmacist consultations to assist customers with travel preparations. At more than 190 Jean Coutu pharmacies across Quebec, customers can meet with a nurse who can

Quebec court gives Jean Coutu a legal victory

VARENNES, Quebec — The Jean Coutu Group won a key ruling in a long-running legal challenge that was brought by a ­pharmacist-owner. Coutu announced that the Superior Court of Quebec upheld the royalty clauses in its franchise agreements. In particular, the court determined that the clauses don’t violate section 49 of the Code of Ethics

Retail store sales climb in 3Q at Jean Coutu

Retail store sales climb in 3Q at Jean Coutu

VARENNES, Quebec — Jean Coutu Group’s retail network saw sales rise for the fiscal 2017 third quarter, propelled by gains in both the front end and pharmacy. Jean Coutu’s corporate business also posted increased sales for the quarter, and the company’s adjusted earnings per share (EPS) were in line with analysts’ forecast, despite a decline

1 2 3