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Birks Group Achieves Another Step in Its Strategic Plan Focused on Gro...
MONTREAL--(BUSINESS WIRE)-- Birks Group Inc. (the “Company”, “Birks” or “Birks Group”) (NYSE MKT LLC: BGI), today announced that it has signed a definitive agreement to sell its subsidiary, Mayor’s Jewelers, Inc. (“Mayors”), to Aurum Holdings Ltd. (“Aurum”), the largest fine watch and jewelry retailer in the U.K., in a deal valued at approximately US$104.6 million. The transaction is subject to specified closing conditions and purchase price adjustments. The transaction is expected to close in the fall of 2017. As part...
Birks Group Inc in Personal Accessories (Canada)
Birks Group’s strategy is to increase its exclusive offerings of internally designed and produced goods sold, consisting primarily of bridal, diamond and other fine jewellery, as well as gold and sterling silver jewellery and timepieces. Euromonitor International Local Company Profiles are a concise set of briefings detailing the strategic direction taken by a company. Discover key contact details, the company background and their competitive positioning through this collection of snapshot co...
Birks Group Announces Sales Growth and Net Income for Fiscal 2017
MONTREAL--(BUSINESS WIRE)-- Birks Group Inc. (the “Company” or “Birks Group”) (NYSE MKT LLC: BGI), which operates 46 luxury jewelry stores in Canada, Florida and Georgia, reported financial results on June 23, 2017 for the fiscal year ended March 25, 2017 (“fiscal 2017”). Net sales increased by $1.1 million in fiscal 2017 and the Company recorded net income of $4.9 million. All amounts are in U.S. dollars. Jean-Christophe Bédos, President and Chief Executive Officer of Birks Group, commented “Our fiscal 2017 results are refle...
Birks Group Reports 11% Increase in Holiday Season Comparable Store Sa...
MONTREAL--(BUSINESS WIRE)-- Birks Group Inc. (the “Company” or “Birks Group”) (NYSE MKT: BGI), which operates 46 luxury jewelry stores across Canada, Florida and Georgia, today announced that comparable store sales during the holiday season (for the period from October 30, 2016 through December 31, 2016) increased by 11% on a consolidated constant exchange rate basis compared to last year’s holiday season (for the period from November 1, 2015 through January 2, 2016). Comparable store sales in the U.S. increased by 16%, while Canadian...
Birks Group Announces Favorable Amendments and an Extension to its Sen...
MONTREAL--(BUSINESS WIRE)-- Birks Group Inc. (the “Company” or “Birks Group”) (NYSE MKT: BGI), which operates 47 luxury jewelry stores across Canada, Florida and Georgia, today announced an extension and favorable amendments to its senior credit facilities. The Company’s $110 million senior secured revolving credit facility, which was set to expire in August 2017, has been extended to November 2021, and the interest rate charged on the facility is reduced by 75 basis points per annum. The Company has also amended the terms of its seni...
Birks Group Reports Mid-Year Results
MONTREAL, Quebec--(BUSINESS WIRE)-- Birks Group Inc. (the “Company” or “Birks Group”) (NYSE MKT:BGI), which operates 47 luxury jewelry stores across Canada, Florida and Georgia, reported its financial results for the twenty-six week period ended September 24, 2016. Net sales were lower than the prior fiscal year period, reflecting a decline in Canada, partially offset by an increase in net sales in the United States. Operating earnings were also lower than the prior fiscal year period, partially due to the non-recurring gain on the sa...
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