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Eckerd Will Be Centerpiece Of Cross-Border Pharmacy Chain Under Coutu

This article was originally published in The Pink Sheet Daily

Executive Summary

Jean Coutu's acquisition of 1,539 Eckerd stores from J.C. Penney marks the first time a Canadian firm has entered the U.S. market on a national scale. The company will run 2,196 retail stores in North America.

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Eckerd Sale Complete

CVS and Jean Coutu have completed the acquisition of the Eckerd pharmacy franchise from J.C. Penney, the retailers announced Aug. 1

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