TRP_1170x120_3-8-19

Metro

François Coutu retires as Jean Coutu Group president

François Coutu retires as Jean Coutu Group president

MONTREAL — François Coutu will retire as president of the Jean Coutu Group on May 31, parent company Metro Inc. announced Wednesday. He will be succeeded by Alain Champagne, a former president of McKesson Canada. François Coutu had two stints as president and chief executive officer of the group, from 2002 to 2005, and again

Metro completes Coutu acquisition

Metro completes Coutu acquisition

MONTREAL — Metro Inc. has completed its $4.5 billion ($3.6 billion U.S.) acquisition of the Jean Coutu Group, creating a food and drug retailer with more than  1,300 stores in Quebec, Ontario and New Brunswick. The store count includes Metro’s 600-plus supermarkets, Coutu’s more than 400 drug stores and Metro’s 250-plus drug stores, which include the

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