Mappin & Webb

Birks Group Reports Mid-Year Fiscal 2023 Results

Retrieved on: 
Wednesday, November 30, 2022

Birks Group Inc. (the Company or Birks Group) (NYSE American: BGI), today reported its financial results for the twenty-six week period ended September 24, 2022.

Key Points: 
  • Birks Group Inc. (the Company or Birks Group) (NYSE American: BGI), today reported its financial results for the twenty-six week period ended September 24, 2022.
  • It is thanks to our teams continuous dedication to our customers that we were able to achieve these results.
  • Birks Group is a leading designer of fine jewellery, timepieces and gifts and operator of luxury jewellery stores in Canada.
  • In addition to our results determined in accordance with U.S. GAAP, we use non-GAAP measures including EBITDA.

Birks Group Regains Compliance With NYSE American Continued Listing Standards

Retrieved on: 
Monday, February 7, 2022

Birks Group Inc. (the Company) (NYSE American: BGI), announced today that the Company is back in compliance with the NYSE American LLC (NYSE American) continued listing standards.

Key Points: 
  • Birks Group Inc. (the Company) (NYSE American: BGI), announced today that the Company is back in compliance with the NYSE American LLC (NYSE American) continued listing standards.
  • As previously reported, on August 13, 2020, the Company was notified by the NYSE American that it was not in compliance with the continued listing standards set forth in Section 1003(a)(ii) of the NYSE American Company Guide (the Company Guide).
  • Furthermore, on December 9, 2020, the Company was notified by the NYSE American that it was not in compliance with the continued listing standards set forth in Section 1003(a)(i) of the Company Guide.
  • During the Plan Period, the Company submitted quarterly plan updates for review by the NYSE American, such quarterly updates were all accepted by the NYSE American.

BIRKS GROUP REGAINS COMPLIANCE WITH NYSE AMERICAN CONTINUED LISTING STANDARDS

Retrieved on: 
Monday, February 7, 2022

MONTREAL, Feb. 7, 2022 /CNW Telbec/ - Birks Group Inc. (the "Company") (NYSE: BGI), announced today that the Company is back in compliance with the NYSE American LLC ("NYSE American") continued listing standards.

Key Points: 
  • MONTREAL, Feb. 7, 2022 /CNW Telbec/ - Birks Group Inc. (the "Company") (NYSE: BGI), announced today that the Company is back in compliance with the NYSE American LLC ("NYSE American") continued listing standards.
  • As previously reported, on August 13, 2020, the Company was notified by the NYSE American that it was not in compliance with the continued listing standards set forth in Section 1003(a)(ii) of the NYSE American Company Guide (the "Company Guide").
  • Furthermore, on December9, 2020, the Company was notified by the NYSE American that it was not in compliance with the continued listing standards set forth in Section1003(a)(i) of the Company Guide.
  • On October22, 2020, NYSE American notified the Company that it accepted the compliance plan and granted the Company an extension for its continued listing until February6, 2022 (the "Plan Period").

Birks Group Reports FY2022 Holiday Period Sales Results

Retrieved on: 
Wednesday, January 12, 2022

Birks Group Inc. (the Company or Birks Group) (NYSE American: BGI), reported its sales results for the 9 week interim sales period ending December 25, 2021 (the FY2022 Holiday Period) including a 16.3% net sales increase as compared to the comparable period in FY2021 and a 17.2% net sales increase as compared to the comparable period in FY2020.

Key Points: 
  • Birks Group Inc. (the Company or Birks Group) (NYSE American: BGI), reported its sales results for the 9 week interim sales period ending December 25, 2021 (the FY2022 Holiday Period) including a 16.3% net sales increase as compared to the comparable period in FY2021 and a 17.2% net sales increase as compared to the comparable period in FY2020.
  • For the FY2022 Holiday Period, net sales were 16.3% greater than last year, driven by a comparable store sales increase of 18.4%, primarily as a result of strong sales performances in the Bijoux Birks brand product sales and in the third party watches and jewellery categories.
  • Net sales during the FY2022 Holiday Period represent a 17.2% increase over the comparable period in FY2020, a period unencumbered by COVID-19 restrictions.
  • Mr. Jean-Christophe Bdos, President and Chief Executive Officer of Birks Group, commented: Our sales teams have delivered remarkable results this holiday period including significant sales growth over last year and over the pre-COVID period, an important achievement that is a testament not only to our determination and commitment to our customers, but also to the continued success of our strategic plan.

Birks Group Announces Renewal of Credit Facilities

Retrieved on: 
Wednesday, December 29, 2021

Birks Group Inc. (the Company or Birks Group) (NYSE American: BGI) today announced that it has entered into an amended and restated senior secured revolving credit facility (Amended Credit Facility) with Wells Fargo Capital Finance Corporation Canada (Wells Fargo) and a senior secured term loan (Amended Term Loan) with Crystal Financial LLC (dba SLR Credit Solutions) (SLR).

Key Points: 
  • Birks Group Inc. (the Company or Birks Group) (NYSE American: BGI) today announced that it has entered into an amended and restated senior secured revolving credit facility (Amended Credit Facility) with Wells Fargo Capital Finance Corporation Canada (Wells Fargo) and a senior secured term loan (Amended Term Loan) with Crystal Financial LLC (dba SLR Credit Solutions) (SLR).
  • The Amended Credit Facility and Amended Term Loan extend the maturity date of the Companys existing loans from October 2022 to December 2026.
  • Mr. Jean-Christophe Bdos, President and Chief Executive Officer of Birks Group, commented: I am pleased to announce the successful renewals of our senior secured credit facilities with Wells Fargo and SLR.
  • Birks Group is a leading designer of fine jewellery, timepieces and gifts and operator of luxury jewellery stores in Canada.

Birks Group Reports Mid-Year FY2022 Results

Retrieved on: 
Thursday, November 18, 2021

Birks Group Inc. (the Company or Birks Group) (NYSE American: BGI), today reported its financial results for the twenty-six week period ended September 25, 2021.

Key Points: 
  • Birks Group Inc. (the Company or Birks Group) (NYSE American: BGI), today reported its financial results for the twenty-six week period ended September 25, 2021.
  • Mr. Jean-Christophe Bdos, President and Chief Executive Officer of Birks Group, commented: I am pleased to report strong results for the first half of fiscal 2022.
  • Birks Group is a leading designer of fine jewellery, timepieces and gifts and operator of luxury jewellery stores in Canada.
  • Birks was founded in 1879 and has become Canadas premier retailer and designer of fine jewellery, timepieces and gifts.

The Watches of Switzerland Group Announces Major US Expansion Through Acquisitions And New Construction

Retrieved on: 
Tuesday, November 9, 2021

"Since the acquisition of Mayors in 2017, followed quickly by the opening of Watches of Switzerland SoHo, The Group has shown its acute command of the US market and deep understanding of its discerning and diverse consumers," says David Hurley, EVP of The Watches of Switzerland Group USA.

Key Points: 
  • "Since the acquisition of Mayors in 2017, followed quickly by the opening of Watches of Switzerland SoHo, The Group has shown its acute command of the US market and deep understanding of its discerning and diverse consumers," says David Hurley, EVP of The Watches of Switzerland Group USA.
  • The new acquisitions, combined with existing Watches of Switzerland and Mayors boutiques, give The Watches of Switzerland Group a market-leading position in the US, with a strategic retail foothold in the Northeast, South, Midwest and Mountain regions and operations in four new states.
  • Through these five acquisitions and the opening of Watches of Switzerland in Kenwood, Ohio, The Group will be increasing US personnel by 75 through retention and new hires.
  • "After three years of strong foundational growth in the US market, these acquisitions and new openings are directly in-line with the projections we forecasted in our Long Range Plan," states Brian Duffy, CEO of Watches of Switzerland Group.

Birks Group announces temporary closures of Maison Birks stores across Canada

Retrieved on: 
Wednesday, March 18, 2020

Birks Group is a leading designer of fine jewelry, timepieces and gifts and operator of luxury jewelry stores in Canada.

Key Points: 
  • Birks Group is a leading designer of fine jewelry, timepieces and gifts and operator of luxury jewelry stores in Canada.
  • The Company operates 27 stores under the Maison Birks brand in most major metropolitan markets in Canada, one retail location in Calgary under the Brinkhaus brand and two retail locations in Vancouver under the Graff and Patek Philippe brands.
  • Birks Collections are available at Mappin & Webb and Goldsmiths in the United Kingdom in addition to several jewelry retailers across North America.
  • Birks was founded in 1879 and has become Canada's premier retailer and designer of fine jewelry, timepieces, and gifts.

Online Expansion Transforms Maison Birks into Canada's Top Ecommerce Destination for Luxury Jewellery and Timepieces

Retrieved on: 
Wednesday, December 4, 2019

"We are proud to say that Maisonbirks.com is Canada's leading luxury jewellery and timepiece destination," says Jean-Christophe Bdos, President and CEO of Birks Group Inc.

Key Points: 
  • "We are proud to say that Maisonbirks.com is Canada's leading luxury jewellery and timepiece destination," says Jean-Christophe Bdos, President and CEO of Birks Group Inc.
    Maisonbirks.com collections now include jewellery brands Chaumet and Messika , which are exclusive to Maison Birks in Canada.
  • In addition to Birks fine jewellery, the website features Dinh Van , Marco Bicego , Roberto Coin and Yoko London .
  • "With these additions, Maisonbirks.com now offers the largest online selection of luxury jewellery and timepieces in Canada."
  • The Birks brand is a leading fine jewellery, timepiece and gift brand available at all Maison Birks stores, Mappin & Webb and Goldsmiths in the United Kingdom in addition to other luxury jewellery retailers across North America.

Richard Mille Watches, Graff Diamonds and Patek Philippe Watches Available at Birks-Operated Stores

Retrieved on: 
Thursday, August 29, 2019

The completion of the boutique earlier this year unveiled its own branded doorway, facing onto Granville Street.

Key Points: 
  • The completion of the boutique earlier this year unveiled its own branded doorway, facing onto Granville Street.
  • In the fall 2018, Birks opened the first standalone Graff boutique in Canada showcasing one-of-a-kind diamond collections alongside the renowned watchmaker Patek Philippe.Both Graff and Patek Philippe boutiques are located at 598 West Georgia Street, Vancouver.
  • Over the last few years, Maison Birks has implemented a multi-million dollar capex program to renovate and remodel its retail stores as part of its transformation plan.
  • Birks Collections are available at Mappin & Webb and Goldsmiths in the United Kingdom in addition to several jewellery retailers across North America.