Jean Coutu is a renowned Canadian pharmacist, who serves as the Chairman of the Jean Coutu Group. He has an estimated net worth of $2.3 billion, and he is ranked as one of the richest people in Canada. He founded Jean Coutu Group, which is a drugstore chain, alongside Louis Michaud in 1969. The group was once ranked as the 2nd largest retailer and distributor of pharmaceuticals and related products in North America, with about 2,200 drugs stores. It has over 360 franchised locations in Quebec, Ontario and New Brunswick.
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Besides being highly recognized as one of the major players in the pharmaceutical industry, Jean Coutu Group is also renowned for its private line known as “Personelle” that features a wide range of products such as papers and cosmetics. This group was the first in the country to establish an online service that enables customers to refill their prescriptions. Over the years, the corporation has earned a number of coveted titles including “Canada’s Most Respected Corporation” and “The Most Admired Company in Quebec”.
The Jean Coutu Group is the largest stockholder in Rite Aid. The corporation is headquartered in Longueil, Quebec. Coutu’s son, Francois Coutu, serves as the President and Chief Executive Officer of the Company, and he is responsible for overseeing day-to-day operations of the corporation. Jean Coutu is a loving husband and a father of five.