Birth of a Canadian retail gorilla

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17 November 2017 à 17h51

Updated on 10 May 2019 à 17h29

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1 minute

Publication: 17 November 2017 à 17h51, Updated on 10 May 2019 à 17h29

Reading time: 1 minute

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Publication

17 November 2017 à 17h51

Updated on 10 May 2019 à 17h29

Reading time

1 minute

Publication: 17 November 2017 à 17h51, Updated on 10 May 2019 à 17h29

Reading time: 1 minute

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Metro supermarkets (sales of US$9.5 billion last year) have made a takeover offer of US$3.6 billion for the Jean Coutu drugstore chain, whose sales reached US$2.2 billion last year. If approved by the competition authority, this would combine Metro leading banners and high value property of Jean Coutu. The consolidated giant would make cumulative sales of about US$12.5 billion a year with 1,300 active stores, including 677 drugstores.

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