From the Canadian Press:
Debt-free and itching to grow after selling its U.S. stores, Jean Coutu Group (TSX:PJC.A) plans to preserve its dominance in Quebec while eventually adopting a new store name for expansion in English Canada.
Over the next three years, the pharmacy chain plans to add 50 stores in Quebec, remodel many others and make a concerted effort to enter neighbouring markets.
"We will definitely work hard to maintain our leadership position here in the province of Quebec," newly installed CEO Francois Coutu said in an interview following the company's annual meeting.
"Definitely within the three-year (strategic) program that I am mentioning we'll be a force in Ontario." ...more
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