The JeanCoutuGroup is the largest shareholder in Rite Aid, which purchased Coutu Group's U.S. subsidiary in 2007, but has been whittling down its holding in the U.S. drugstore chain.
JeanCoutu, a pharmacist by training, founded and chairs the JeanCoutuGroup, which operates a network of 400 franchised drugstores in Canada and owns about 20% of U.S. drugstore operator Rite Aid.