US Market News
4週前
Birks Group Announces the Closing of a New Term Loan Facility With Gordon Brothers Replacing Its Former Term Loan Facility and the Extension of Its Revolver Facility With Wells FargoJune 5, 2026 5:00 PM
Business Wire All figures presented herein are in Canadian dollars, unless indicated otherwise. Birks Group Inc. (“Birks Group” or the “Company”) (NYSE American LLC: BGI) announced today the signing of a five-year $32.5 million senior secured term loan facility (“Term Loan”) with 1903P Loan Agent, LLC, an affiliate of Gordon Brothers Group (“Gordon Brothers”) and the designated administrative agent under the facility. The new Term Loan, which matures in June 2031, refinances the Company's existing $26 million senior secured term loan credit facility which has been repaid in full. Contemporaneously with the closing of the Term Loan with Gordon Brothers, the Company entered into an amendment and extension of its senior secured revolving credit facility (“Revolver Facility”) with Wells Fargo Canada Corporation (“Wells Fargo”), extending the maturity date until June 2031 and providing for total commitments of $93 million, an increase of $3 million. The new and amended financing provides the Company with increased liquidity, enhanced financial flexibility and extended debt maturities, while continuing to support the execution of its strategic initiatives, including investments in store renovations, omni-channel capabilities, digital commerce initiatives and working capital requirements. The $32.5 million Term Loan, decreasing to $30.0 million in December 2027, bears interest at a rate equal to Term CORRA (with an interest rate floor), plus a range from 6.75% to 7.75%, based on the Company’s fixed charge coverage ratio throughout the term of the Term Loan. The Revolver Facility bears interest at a rate equal to Term CORRA or SOFR, as applicable, plus a range from 2.00% to 2.5% or 1.625% to 2.125% for drawings in U.S. dollars, based on the borrowing capacity of the Company throughout the term of the Revolver Facility. Concurrently with the closing of the new and amended facilities, the Company and Mangrove Holding S.A. (“Mangrove”), one of the Company’s controlling shareholders, have signed an amendment to the existing $3.75 million loan agreement entered into in July 2025 extending the maturity date until June 2031 (“Mangrove Loan”). Going forward, the Mangrove Loan will bear interest at a rate of 12.2% effective August 1, 2026, and will be repaid through annual principal payments of $250,000 over a period of three years, commencing in June 2028, with a final repayment of $3.0 million within a period of thirty (30) days prior to the June 2031 maturity date. Niccolò Rossi di Montelera, Executive Chairman of the Board & Interim Chief Executive Officer of Birks Group, commented: “We are pleased to complete the refinancing of our term loan with Gordon Brothers and an extension of our revolver with Wells Fargo. These new five-year credit facilities extend our debt maturities and provide us with increased financial flexibility as we continue to implement development strategies to generate sales growth and focus on driving profitable growth.” “We are proud to support Birks Group, one of Canada’s most iconic luxury brands," said Chad Simon, Senior Managing Director, Transactions at Gordon Brothers. “Our deep expertise in the luxury retail sector and long-standing relationship with the Company allowed us to provide a financing solution that delivers unmatched liquidity and flexibility to support Birks Group’s operations and long-term growth.” Peter Foley, Director at Well Fargo Capital Finance commented, “We are pleased to have renewed our ABL financing with Birks Group for an additional five-year term. Our financing is designed to maintain the financial flexibility that the Company needs to pursue its growth strategy.” About Birks Group Inc. Birks Group is a leading designer of fine jewelry, and an operator of luxury jewelry, timepieces and gifts retail stores in Canada. The Company currently operates 32 store locations, including: 17 store locations under the Maison Birks brand in most major metropolitan markets in Canada, one retail location in Montreal under the Birks brand, one retail location in Montreal under the TimeVallée brand, one retail location in Calgary under the Brinkhaus brand, one retail location in Vancouver under the Patek Philippe brand, one retail location in Vancouver under the Chaumet brand, four retail locations in Laval, Ottawa and Toronto under the Breitling brand, one retail location in Toronto under the Omega brand, one retail location in Toronto under the Montblanc brand, and four retail locations in the Greater Toronto Area under the European Boutique brand. Birks was founded in 1879 and has become Canada's premier designer and retailer of fine jewelry, timepieces and gifts. Additional information can be found on Birks' website, www.birksgroup.com. About Gordon Brothers Founded in 1903, Gordon Brothers delivers integrated solutions through its asset advisory services, lending and financing, and trading. With deep expertise in brands, industrial, retail and real estate, Gordon Brothers is the original global asset expert, working across business growth stages to deliver liquidity, create security, enable growth and maximize asset value. Gordon Brothers is headquartered in Boston with more than 30 offices across North America, Europe, the Middle East, Africa and Asia Pacific. Forward Looking Statements This press release contains forward-looking statements regarding, among other things, the use of proceeds of the Term Loan and Revolver Facility. Forward looking statements can be identified, for example, by their use of words such as: “plans,” “expects,” “believes,” “will,” “anticipates,” “intends,” “projects,” “estimates,” “could,” “would,” “may,” “planned,” “goal,” and other words of similar meaning. All statements that address expectations, possibilities or projections about the future, including without limitation, statements about anticipated economic conditions, availability under our Term Loan and Revolver Facility, anticipated distribution of profits, and our strategies for growth, expansion plans, sources or adequacy of capital, expenditures and financial results are forward-looking statements. Because such statements include various risks and uncertainties, actual results might differ materially from those projected in the forward-looking statements and no assurance can be given that the Company will meet the results projected in the forward-looking statements. Accordingly, the reader should not place undue reliance on forward-looking statements. These risks and uncertainties include, but are not limited to the following: (i) heightened inflationary pressure and interest rates, a decline in consumer discretionary spending, increased cost of borrowing or deterioration in consumer financial position; (ii) the Company’s ability to maintain its listing on the NYSE American or to list its securities on another national securities exchange, (iii) economic, political and market conditions, including the economies of Canada and the U.S., which could adversely affect the Company’s business, operating results or financial condition, including its revenue and profitability, through the impact of changes in the real estate markets, changes in the equity markets and decreases in consumer confidence and the related changes in consumer spending patterns, and the impact on store traffic, tourism and sales, as well as the recently imposed tariffs (and retaliatory measures), possible changes therefrom and other trade restrictions; (iv) the impact of fluctuations in foreign exchange rates, increases in commodity prices and borrowing costs and their related impact on the Company’s costs and expenses; (v) the Company’s ability to maintain and obtain sufficient sources of liquidity to fund its operations, to achieve planned sales, gross margin and net income, to keep costs low, to implement its business strategy, to maintain relationships with its primary vendors, to source raw materials, to mitigate fluctuations in the availability and prices of the Company’s merchandise, to compete with other jewelers, to succeed in its marketing initiatives (including with respect to Birks branded products), and to have a successful customer service program; (vi) the Company’s plan to evaluate the productivity of existing stores, close unproductive stores and open new stores in new prime retail locations, renovate existing stores and invest in its website and e-commerce platform; (vii) the Company’s ability to execute its strategic vision; (viii) the Company’s ability to invest in and finance capital expenditures; and (ix) the Company’s ability to continue as a going concern. Information concerning the above and other risk factors that could cause actual results to differ materially is set forth under the captions “Risk Factors” and “Operating and Financial Review and Prospects” and elsewhere in the Company’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on July 25, 2025 and subsequent filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20260605004699/en/ Company Contact:
Aldo Battista
Vice President and Chief Financial Officer
(514) 397-2592 For all press and media inquiries, please contact:
Press@birks.com Original: Birks Group Announces the Closing of a New Term Loan Facility With Gordon Brothers Replacing Its Former Term Loan Facility and the Extension of Its Revolver Facility With Wells Fargo
US Market News
4週前
BIRKS GROUP ANNOUNCES THE CLOSING OF A NEW TERM LOAN FACILITY WITH GORDON BROTHERS REPLACING ITS FORMER TERM LOAN FACILITY AND THE EXTENSION OF ITS REVOLVER FACILITY WITH WELLS FARGOJune 5, 2026 5:00 PM
PR Newswire (Canada) All figures presented herein are in Canadian dollars, unless indicated otherwise.MONTREAL, June 5, 2026 /CNW/ - Birks Group Inc. ("Birks Group" or the "Company") (NYSE American LLC: BGI) announced today the signing of a five-year $32.5 million senior secured term loan facility ("Term Loan") with 1903P Loan Agent, LLC, an affiliate of Gordon Brothers Group ("Gordon Brothers") and the designated administrative agent under the facility. The new Term Loan, which matures in June 2031, refinances the Company's existing $26 million senior secured term loan credit facility which has been repaid in full. Contemporaneously with the closing of the Term Loan with Gordon Brothers, the Company entered into an amendment and extension of its senior secured revolving credit facility ("Revolver Facility") with Wells Fargo Canada Corporation ("Wells Fargo"), extending the maturity date until June 2031 and providing for total commitments of $93 million, an increase of $3 million. The new and amended financing provides the Company with increased liquidity, enhanced financial flexibility and extended debt maturities, while continuing to support the execution of its strategic initiatives, including investments in store renovations, omni-channel capabilities, digital commerce initiatives and working capital requirements. The $32.5 million Term Loan, decreasing to $30.0 million in December 2027, bears interest at a rate equal to Term CORRA (with an interest rate floor), plus a range from 6.75% to 7.75%, based on the Company's fixed charge coverage ratio throughout the term of the Term Loan. The Revolver Facility bears interest at a rate equal to Term CORRA or SOFR, as applicable, plus a range from 2.00% to 2.5% or 1.625% to 2.125% for drawings in U.S. dollars, based on the borrowing capacity of the Company throughout the term of the Revolver Facility. Concurrently with the closing of the new and amended facilities, the Company and Mangrove Holding S.A. ("Mangrove"), one of the Company's controlling shareholders, have signed an amendment to the existing $3.75 million loan agreement entered into in July 2025 extending the maturity date until June 2031 ("Mangrove Loan"). Going forward, the Mangrove Loan will bear interest at a rate of 12.2% effective August 1, 2026, and will be repaid through annual principal payments of $250,000 over a period of three years, commencing in June 2028, with a final repayment of $3.0 million within a period of thirty (30) days prior to the June 2031 maturity date.Niccolò Rossi di Montelera, Executive Chairman of the Board & Interim Chief Executive Officer of Birks Group, commented: "We are pleased to complete the refinancing of our term loan with Gordon Brothers and an extension of our revolver with Wells Fargo. These new five-year credit facilities extend our debt maturities and provide us with increased financial flexibility as we continue to implement development strategies to generate sales growth and focus on driving profitable growth.""We are proud to support Birks Group, one of Canada's most iconic luxury brands," said Chad Simon, Senior Managing Director, Transactions at Gordon Brothers. "Our deep expertise in the luxury retail sector and long-standing relationship with the Company allowed us to provide a financing solution that delivers unmatched liquidity and flexibility to support Birks Group's operations and long-term growth."Peter Foley, Director at Well Fargo Capital Finance commented, "We are pleased to have renewed our ABL financing with Birks Group for an additional five-year term. Our financing is designed to maintain the financial flexibility that the Company needs to pursue its growth strategy."About Birks Group Inc.Birks Group is a leading designer of fine jewelry, and an operator of luxury jewelry, timepieces and gifts retail stores in Canada. The Company currently operates 32 store locations, including: 17 store locations under the Maison Birks brand in most major metropolitan markets in Canada, one retail location in Montreal under the Birks brand, one retail location in Montreal under the TimeVallée brand, one retail location in Calgary under the Brinkhaus brand, one retail location in Vancouver under the Patek Philippe brand, one retail location in Vancouver under the Chaumet brand, four retail locations in Laval, Ottawa and Toronto under the Breitling brand, one retail location in Toronto under the Omega brand, one retail location in Toronto under the Montblanc brand, and four retail locations in the Greater Toronto Area under the European Boutique brand. Birks was founded in 1879 and has become Canada's premier designer and retailer of fine jewelry, timepieces and gifts. Additional information can be found on Birks' website, www.birksgroup.com .About Gordon BrothersFounded in 1903, Gordon Brothers delivers integrated solutions through its asset advisory services, lending and financing, and trading. With deep expertise in brands, industrial, retail and real estate, Gordon Brothers is the original global asset expert, working across business growth stages to deliver liquidity, create security, enable growth and maximize asset value. Gordon Brothers is headquartered in Boston with more than 30 offices across North America, Europe, the Middle East, Africa and Asia Pacific.Forward Looking StatementsThis press release contains forward-looking statements regarding, among other things, the use of proceeds of the Term Loan and Revolver Facility. Forward looking statements can be identified, for example, by their use of words such as: "plans," "expects," "believes," "will," "anticipates," "intends," "projects," "estimates," "could," "would," "may," "planned," "goal," and other words of similar meaning. All statements that address expectations, possibilities or projections about the future, including without limitation, statements about anticipated economic conditions, availability under our Term Loan and Revolver Facility, anticipated distribution of profits, and our strategies for growth, expansion plans, sources or adequacy of capital, expenditures and financial results are forward-looking statements.Because such statements include various risks and uncertainties, actual results might differ materially from those projected in the forward-looking statements and no assurance can be given that the Company will meet the results projected in the forward-looking statements. Accordingly, the reader should not place undue reliance on forward-looking statements. These risks and uncertainties include, but are not limited to the following: (i) heightened inflationary pressure and interest rates, a decline in consumer discretionary spending, increased cost of borrowing or deterioration in consumer financial position; (ii) the Company's ability to maintain its listing on the NYSE American or to list its securities on another national securities exchange, (iii) economic, political and market conditions, including the economies of Canada and the U.S., which could adversely affect the Company's business, operating results or financial condition, including its revenue and profitability, through the impact of changes in the real estate markets, changes in the equity markets and decreases in consumer confidence and the related changes in consumer spending patterns, and the impact on store traffic, tourism and sales, as well as the recently imposed tariffs (and retaliatory measures), possible changes therefrom and other trade restrictions; (iv) the impact of fluctuations in foreign exchange rates, increases in commodity prices and borrowing costs and their related impact on the Company's costs and expenses; (v) the Company's ability to maintain and obtain sufficient sources of liquidity to fund its operations, to achieve planned sales, gross margin and net income, to keep costs low, to implement its business strategy, to maintain relationships with its primary vendors, to source raw materials, to mitigate fluctuations in the availability and prices of the Company's merchandise, to compete with other jewelers, to succeed in its marketing initiatives (including with respect to Birks branded products), and to have a successful customer service program; (vi) the Company's plan to evaluate the productivity of existing stores, close unproductive stores and open new stores in new prime retail locations, renovate existing stores and invest in its website and e-commerce platform; (vii) the Company's ability to execute its strategic vision; (viii) the Company's ability to invest in and finance capital expenditures; and (ix) the Company's ability to continue as a going concern. Information concerning the above and other risk factors that could cause actual results to differ materially is set forth under the captions "Risk Factors" and "Operating and Financial Review and Prospects" and elsewhere in the Company's Annual Report on Form 20-F filed with the Securities and Exchange Commission on July 25, 2025 and subsequent filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.Company Contact:
Aldo Battista
Vice President and Chief Financial Officer
(514) 397-2592For all press and media inquiries, please contact:
Press@birks.comSOURCE Birks Group Inc. Original: BIRKS GROUP ANNOUNCES THE CLOSING OF A NEW TERM LOAN FACILITY WITH GORDON BROTHERS REPLACING ITS FORMER TERM LOAN FACILITY AND THE EXTENSION OF ITS REVOLVER FACILITY WITH WELLS FARGO
US Market News
4週前
GROUPE BIRKS ANNONCE LA CONCLUSION DE SA NOUVELLE FACILITÉ DE PRÊT À TERME AVEC GORDON BROTHERS, QUI REMPLACE SA FACILITÉ DE PRÊT À TERME PRÉCÉDENTE, AINSI QUE LA PROLONGATION DE SA FACILITÉ DE CRÉDIT RENOUVELABLE AVEC WELLS FARGOJune 5, 2026 5:00 PM
PR Newswire (Canada) Sauf indication contraire, tous les chiffres figurant dans les présentes sont en dollars canadiens.MONTRÉAL, le 5 juin 2026 /CNW/ - Groupe Birks inc. (« Groupe Birks » ou la « Société ») (NYSE American LLC : BGI) a annoncé aujourd'hui la conclusion d'une facilité de prêt à terme garantie de premier rang (« Prêt à terme ») de 32,5 millions de dollars sur cinq ans auprès de 1903P Loan Agent, LLC, une société affiliée de Gordon Brothers Group (« Gordon Brothers ») et l'agent administratif désigné dans le cadre du Prêt à terme. Le nouveau Prêt à terme, qui vient à échéance en juin 2031, refinance la facilité de crédit à terme garantie de premier rang existante de la Société, d'un montant de 26 millions de dollars, qui a été remboursée intégralement. Parallèlement à la conclusion du Prêt à terme avec Gordon Brothers, la Société a conclu avec Wells Fargo Canada Corporation (« Wells Fargo »), un amendement et une prolongation de sa facilité de crédit renouvelable garantie de premier rang (« Facilité de crédit renouvelable »). Cette entente reporte l'échéance de la Facilité de crédit renouvelable à juin 2031 et porte les engagements totaux à 93 millions de dollars, soit une augmentation de 3 millions de dollars. Ce financement nouveau et modifié permet à la Société de bénéficier d'une liquidité accrue, d'une plus grande souplesse financière et d'échéances de dette prolongées, tout en continuant à soutenir la mise en œuvre de ses initiatives stratégiques, notamment les investissements dans la rénovation de ses magasins, le développement de ses capacités omnicanales, les initiatives de commerce numérique et les besoins en fonds de roulement. Le Prêt à terme de 32,5 millions de dollars, qui sera réduit à 30,0 millions de dollars en décembre 2027, porte intérêt à un taux équivalent au CORRA à terme (avec un taux plancher), majoré d'une marge variant entre 6,75 % et 7,75 %, établie en fonction du ratio de couverture des charges fixes de la Société pendant toute la durée du Prêt à terme. La Facilité de crédit renouvelable porte intérêt au taux CORRA à terme ou au taux SOFR, selon le cas, majoré d'une marge variant entre 2,00 % et 2,5 % ou entre 1,625 % et 2,125 % dans le cas des avances en dollars américains, selon la capacité d'emprunt de la Société pendant la durée de cette facilité.Simultanément à la conclusion du Prêt à terme et de la Facilité de crédit renouvelable, la Société et Mangrove Holding S.A. (« Mangrove »), l'un des actionnaires de contrôle de la Société, ont conclu un amendement à la convention de prêt existante de 3,75 millions de dollars conclue en juillet 2025, prolongeant l'échéance à juin 2031 (« Prêt Mangrove »). Le Prêt Mangrove portera désormais intérêt à un taux de 12,2 % à compter du 1er août 2026, et sera remboursé par versements annuels de capital de 250 000 $ sur une période de trois ans, débutant en juin 2028, avec un remboursement final de 3 millions de dollars dans les trente (30) jours précédant l'échéance de juin 2031.Niccolò Rossi di Montelera, président exécutif du conseil d'administration et chef de la direction par intérim de Groupe Birks, a déclaré : « Nous sommes heureux d'avoir conclu le refinancement de notre Prêt à terme avec Gordon Brothers ainsi que la prolongation de notre Facilité de crédit renouvelable avec Wells Fargo. Ces nouvelles facilités de crédit d'une durée de cinq ans, prolongent les échéances de notre dette et nous offrent une plus grande flexibilité financière alors que nous poursuivons la mise en œuvre de nos stratégies de développement afin de stimuler la croissance de nos ventes et d'accroître notre rentabilité. » « Nous sommes fiers de soutenir Groupe Birks, l'une des marques de luxe les plus emblématiques du Canada », a déclaré Chad Simon, directeur général principal, Transactions chez Gordon Brothers. « Notre expertise approfondie du secteur du commerce de détail de luxe et notre relation de longue date avec la Société nous ont permis de proposer une solution de financement offrant une liquidité et une flexibilité inégalées pour soutenir les activités de Groupe Birks ainsi que sa croissance à long terme. »Peter Foley, directeur chez Wells Fargo Capital Finance, a déclaré : « Nous sommes heureux d'avoir renouvelé notre financement sur actifs (ABL) avec Groupe Birks pour une période supplémentaire de cinq ans. Notre financement est conçu de manière à conserver la flexibilité financière dont la Société a besoin pour réaliser sa stratégie de croissance. »À propos de Groupe Birks inc.Groupe Birks est un chef de file dans la création de joaillerie et un exploitant de magasins de joaillerie, de montres et de cadeaux de luxe au Canada. La Société exploite actuellement trente-deux (32) boutiques, dont dix-sept (17) boutiques sous la bannière Maison Birks dans la plupart des grands centres urbains du Canada, une boutique Birks à Montréal, une boutique TimeVallée à Montréal, une boutique Brinkhaus à Calgary, une boutique Patek Philippe à Vancouver, une boutique Chaumet à Vancouver, quatre boutiques Breitling à Laval, Ottawa et Toronto, une boutique Omega à Toronto, une boutique Montblanc à Toronto et quatre boutiques dans la région du Grand Toronto sous la marque European Boutique. Fondée en 1879, Birks est devenue au fil des ans la référence au Canada en création et vente au détail de joaillerie, de montres et de cadeaux de luxe. Pour en savoir plus, consultez le site Web de Birks au www.birksgroup.com.À propos de Gordon BrothersFondée en 1903, Gordon Brothers offre des solutions intégrées à travers ses services-conseils en gestion d'actifs, ses activités de prêt et de financement, ainsi que ses services de négoce. Forte d'une expertise approfondie dans les secteurs des marques, de l'industrie, du commerce de détail et de l'immobilier, Gordon Brothers est le premier expert mondial en actifs. Elle accompagne les entreprises à différentes étapes de leur croissance afin de leur dégager des liquidités, renforcer leur position financière, favoriser leur croissance et maximiser la valeur de leurs actifs. Ayant son siège social à Boston, Gordon Brothers compte plus de 30 bureaux répartis en Amérique du Nord, en Europe, au Moyen-Orient, en Afrique et en Asie-Pacifique.Déclarations prospectivesLe présent communiqué contient des déclarations prospectives portant, entre autres, sur l'utilisation du produit du Prêt à terme et de la Facilité de crédit renouvelable. Les déclarations prospectives peuvent être identifiées par l'utilisation de mots tels que « prévoit », « s'attend à », « croit », « va », « anticipe », « a l'intention de », « projette », « évalue », « pourrait », « planifie », « objectif » et d'autres mots ayant une signification similaire. Toutes les déclarations portant sur des attentes, des possibilités ou des projections concernant l'avenir, y compris, mais sans s'y limiter, les déclarations relatives aux conditions économiques anticipées, aux disponibilités en vertu de notre Prêt à terme et de notre Facilité de crédit renouvelable, à la distribution prévue des bénéfices, ainsi qu'à nos stratégies de croissance, à nos plans d'expansion, à nos sources ou à la suffisance de nos capitaux, à nos dépenses et nos résultats financiers, sont des déclarations prospectives.Ces déclarations sont assujetties à des risques et à des incertitudes divers qui font en sorte que les résultats réels peuvent différer considérablement des résultats prévus dans les déclarations prospectives, et aucune assurance ne peut être donnée que la Société obtiendra les résultats prévus dans les déclarations prospectives. Par conséquent, le lecteur ne doit pas se fier indûment aux déclarations prospectives. Ces risques et incertitudes incluent, sans y être limités : (i) une augmentation de la pression inflationniste et des taux d'intérêt, une baisse des dépenses discrétionnaires de consommation, une augmentation du coût des emprunts ou une détérioration de la situation financière des consommateurs; (ii) la capacité de la Société à maintenir sa cotation au NYSE American ou à coter ses titres sur une autre bourse nationale; (iii) les conditions économiques, politiques et de marché, y compris les économies du Canada et des États-Unis, qui pourraient avoir une incidence négative sur les activités, les résultats d'exploitation ou la situation financière de la Société, y compris ses revenus et sa rentabilité, en raison de l'impact des changements sur les marchés immobiliers, des changements sur les marchés des actions et des baisses de confiance des consommateurs et des changements connexes dans les dépenses de consommation des consommateurs, l'impact sur l'achalandage en magasin, le tourisme et les ventes, ainsi que les tarifs récemment imposés (et les mesures de rétorsion), les modifications éventuelles de ceux-ci et les autres restrictions commerciales; (iv) l'impact des fluctuations des taux de change, l'augmentation des prix des produits de base et des coûts d'emprunt ainsi que leurs incidences connexes sur les coûts et les dépenses de la Société; (v) la capacité de la Société de maintenir et d'obtenir des sources de liquidités suffisantes pour financer ses activités, d'atteindre ses objectifs en matière de ventes, de marge brute et de bénéfice net, de maintenir ses coûts à un bas niveau, de mettre en œuvre sa stratégie d'affaires, d'entretenir ses relations avec ses principaux fournisseurs, de s'approvisionner de produits de base, d'atténuer les effets des fluctuations sur la disponibilité et les prix de sa marchandise, de concurrencer d'autres joailliers, de réussir ses initiatives de marketing (y compris en ce qui concerne les produits de marque Birks), et d'assurer le succès de son programme de service à la clientèle; (vi) le plan de la Société visant à évaluer la productivité des magasins existants, à fermer les magasins non productifs et à ouvrir de nouveaux magasins dans de nouveaux emplacements de vente au détail de premier choix, à rénover les magasins existants et à investir dans son site Web et sa plateforme de commerce en ligne; (vii) la capacité de la Société à réaliser sa vision stratégique; (viii) la capacité de la Société à investir dans des dépenses d'investissement et à les financer; et (ix) la capacité de la Société à poursuivre ses activités.Des renseignements sur ce qui précède et sur les facteurs qui pourraient faire différer considérablement les résultats réels des prévisions sont donnés aux rubriques portant sur les facteurs de risque et l'analyse et les perspectives opérationnelles et financières et ailleurs dans le rapport annuel de la Société, sur le formulaire 20-F déposé auprès de la Securities and Exchange Commission (« SEC ») le 25 juillet 2025 et dans les documents déposés par la suite auprès de la SEC. La Société n'assume aucune obligation de mises à jour ni de publication de révisions quelconques de ces déclarations prospectives, que ce soit afin de refléter des événements ou des circonstances survenus après la date du présent communiqué ou afin de refléter des événements imprévus, sauf dans la mesure prévue par la loi.Personne-ressource :Aldo Battista
Vice-président et chef des affaires financières
(514) 397-2592Pour toute question concernant les relations avec la presse et les médias, veuillez communiquer avec :
Press@birks.comSOURCE Groupe Birks Inc. Original: GROUPE BIRKS ANNONCE LA CONCLUSION DE SA NOUVELLE FACILITÉ DE PRÊT À TERME AVEC GORDON BROTHERS, QUI REMPLACE SA FACILITÉ DE PRÊT À TERME PRÉCÉDENTE, AINSI QUE LA PROLONGATION DE SA FACILITÉ DE CRÉDIT RENOUVELABLE AVEC WELLS FARGO
US Market News
5月前
Birks Group Announces the Retirement and New Appointment of Its CFOFebruary 10, 2026 4:45 PM
Business Wire
Birks Group Inc. (the “Company” or “Birks Group”) (NYSE American: BGI) announced today that Katia Fontana, Vice President and Chief Financial Officer, has decided to retire, effective April 1, 2026. Over the last six years, Ms. Fontana has been an integral member of the senior management team, helping guide the Company through strategic transformations and external challenges with professionalism and steady leadership.
Birks Group is also pleased to announce that Mr. Aldo Battista will be joining the Company on February 11, 2026. During the transition period, Mr. Battista will initially serve as Vice President, Accounting and Treasury, working alongside Ms. Fontana to ensure a smooth and orderly handover of finance and accounting responsibilities before assuming the role of Vice President and Chief Financial Officer on April 2, 2026.
Mr. Battista is a Chartered Professional Accountant (CPA) and has over 25 years of experience in finance and accounting. He spent 16 years of his career in the retail industry with Reitmans (Canada) Limited., an apparel retailer, from 2008 to 2024 in various positions, including Vice President, Finance. He began his career as an external auditor with Deloitte from 1991 to 1995. He holds an Executive Master in Business Administration (EMBA) from Queen’s University, a Bachelor of Commerce from Concordia University and a Chartered Professional Accountant Designation from l’Ordre des comptables professionnels agréés du Québec.
Niccolò Rossi di Montelera, Executive Chairman of the Board and Interim CEO, commented: “Katia has been a valued member of our senior management team and has made significant contributions to Birks Group since joining us in 2020. Her leadership, guidance and commitment have been instrumental in navigating through challenging periods, including the Covid-19 pandemic. On behalf Mr. Davide Barberis Canonico, Interim President and COO, and the entire Board, I would like to sincerely thank Katia for her dedication and contributions to Birks Group, and wish her a fulfilling retirement.” Mr. Rossi di Montelera continued: “We are also very pleased that Katia will remain with us to support a seamless transition as we welcome Aldo Battista as our new CFO. Aldo brings extensive experience in finance, accounting and the retail sector, and we are confident his expertise will be a strong asset for the Company.”
Katia Fontana, Vice President and Chief Financial Officer, said: “It has been profoundly rewarding and a privilege to serve Birks Group over the past six years. I am grateful for the dedication, passion, and resilience of our teams. I am pleased to support a smooth transition and as I step into the next chapter of my life, I look forward to seeing the Company continue to pursue its strategic initiatives under new financial leadership and I will cheer on the team as the Company evolves.”
About Birks Group Inc.
Birks Group is a leading designer of fine jewelry, and an operator of luxury jewelry, timepieces and gifts retail stores in Canada. The Company operates 17 stores under the Maison Birks brand in most major metropolitan markets in Canada, one retail location in Montreal under the Birks brand, one retail location in Montreal under the TimeVallée brand, one retail location in Calgary under the Brinkhaus brand, one retail location in Vancouver under the Graff brand, one retail location in Vancouver under the Patek Philippe brand, four retail locations in Laval, Ottawa and Toronto under the Breitling brand, four retail locations in Toronto under the European Boutique brand, one retail location in Toronto under the Omega brand and one retail location in Toronto under the Montblanc brand. Birks was founded in 1879 and has become Canada’s premier designer and retailer of fine jewelry, timepieces and gifts. Additional information can be found on Birks’ website, www.birks.com.
Forward Looking Statements
This press release contains forward-looking statements which can be identified, for example, by their use of words like “plans,” “expects,” “believes,” “will,” “anticipates,” “intends,” “projects,” “estimates,” “could,” “would,” “may,” “planned,” “goal,” and other words of similar meaning. All statements that address expectations, possibilities or projections about the future, including without limitation, statements about anticipated economic conditions, our strategies for growth, expansion plans, sources or adequacy of capital, expenditures and financial results are forward-looking statements.
Because such statements include various risks and uncertainties, actual results might differ materially from those projected in the forward- looking statements and no assurance can be given that the Company will meet the results projected in the forward-looking statements. Accordingly, the reader should not place undue reliance on forward-looking statements. These risks and uncertainties include, but are not limited to the following: (i) heightened inflationary pressure and interest rates, a decline in consumer discretionary spending, increased cost of borrowing or deterioration in consumer financial position; (ii) the Company’s ability to maintain its listing on the NYSE American or to list its securities on another national securities exchange; (iii) economic, political and market conditions, including the economies of Canada and the U.S., which could adversely affect the Company’s business, operating results or financial condition, including its revenue and profitability, through the impact of changes in the real estate markets, changes in the equity markets and decreases in consumer confidence and the related changes in consumer spending patterns, the impact on store traffic, tourism and sales as well as tariffs (and retaliatory measures), possible changes therefrom and other trade restrictions; (iv) the impact of fluctuations in foreign exchange rates, increases in commodity prices and borrowing costs, and their related impact on the Company’s costs and expenses; (v) the Company’s ability to maintain and obtain sufficient sources of liquidity to fund its operations, to achieve planned sales, gross margin and net income, to keep costs low, to implement its business strategy, maintain relationships with its primary vendors, to source raw materials, to mitigate fluctuations in the availability and prices of the Company’s merchandise, to compete with other jewelers, to succeed in its marketing initiatives (including with respect to Birks branded products), and to have a successful customer service program; (vi) the Company’s plan to evaluate the productivity of existing stores, close unproductive stores and open new stores in prime retail locations, renovate existing stores and invest in its website and e-commerce platform; (vii) the Company’s ability to execute its strategic vision; (viii) the Company’s ability to invest in and finance capital expenditures; and (ix) the Company’s ability to continue as a going concern.
Information concerning the above and other risk factors that could cause actual results to differ materially is set forth under the captions “Risk Factors” and “Operating and Financial Review and Prospects” and elsewhere in the Company’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on July 25, 2025, and subsequent filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260210316203/en/
Company Contacts:
Katia Fontana
Vice President and Chief Financial Officer
(514) 397-2592
For all press and media inquiries, please contact:
Press@birks.com
Original: Birks Group Announces the Retirement and New Appointment of Its CFO
US Market News
5月前
BIRKS GROUP ANNOUNCES THE RETIREMENT AND NEW APPOINTMENT OF ITS CFOFebruary 10, 2026 4:45 PM
PR Newswire (Canada)
MONTREAL, Feb. 10, 2026 /CNW/ - Birks Group Inc. (the "Company" or "Birks Group") (NYSE American: BGI) announced today that Katia Fontana, Vice President and Chief Financial Officer, has decided to retire, effective April 1, 2026. Over the last six years, Ms. Fontana has been an integral member of the senior management team, helping guide the Company through strategic transformations and external challenges with professionalism and steady leadership.
Birks Group is also pleased to announce that Mr. Aldo Battista will be joining the Company on February 11, 2026. During the transition period, Mr. Battista will initially serve as Vice President, Accounting and Treasury, working alongside Ms. Fontana to ensure a smooth and orderly handover of finance and accounting responsibilities before assuming the role of Vice President and Chief Financial Officer on April 2, 2026.Mr. Battista is a Chartered Professional Accountant (CPA) and has over 25 years of experience in finance and accounting. He spent 16 years of his career in the retail industry with Reitmans (Canada) Limited., an apparel retailer, from 2008 to 2024 in various positions, including Vice President, Finance. He began his career as an external auditor with Deloitte from 1991 to 1995. He holds an Executive Master in Business Administration (EMBA) from Queen's University, a Bachelor of Commerce from Concordia University and a Chartered Professional Accountant Designation from l'Ordre des comptables professionnels agréés du Québec.Niccolò Rossi di Montelera, Executive Chairman of the Board and Interim CEO, commented: "Katia has been a valued member of our senior management team and has made significant contributions to Birks Group since joining us in 2020. Her leadership, guidance and commitment have been instrumental in navigating through challenging periods, including the Covid-19 pandemic. On behalf Mr. Davide Barberis Canonico, Interim President and COO, and the entire Board, I would like to sincerely thank Katia for her dedication and contributions to Birks Group, and wish her a fulfilling retirement." Mr. Rossi di Montelera continued: "We are also very pleased that Katia will remain with us to support a seamless transition as we welcome Aldo Battista as our new CFO. Aldo brings extensive experience in finance, accounting and the retail sector, and we are confident his expertise will be a strong asset for the Company."Katia Fontana, Vice President and Chief Financial Officer, said: "It has been profoundly rewarding and a privilege to serve Birks Group over the past six years. I am grateful for the dedication, passion, and resilience of our teams. I am pleased to support a smooth transition and as I step into the next chapter of my life, I look forward to seeing the Company continue to pursue its strategic initiatives under new financial leadership and I will cheer on the team as the Company evolves."About Birks Group Inc. Birks Group is a leading designer of fine jewelry, and an operator of luxury jewelry, timepieces and gifts retail stores in Canada. The Company operates 17 stores under the Maison Birks brand in most major metropolitan markets in Canada, one retail location in Montreal under the Birks brand, one retail location in Montreal under the TimeVallée brand, one retail location in Calgary under the Brinkhaus brand, one retail location in Vancouver under the Graff brand, one retail location in Vancouver under the Patek Philippe brand, four retail locations in Laval, Ottawa and Toronto under the Breitling brand, four retail locations in Toronto under the European Boutique brand, one retail location in Toronto under the Omega brand and one retail location in Toronto under the Montblanc brand. Birks was founded in 1879 and has become Canada's premier designer and retailer of fine jewelry, timepieces and gifts. Additional information can be found on Birks' website, www.birks.com.Forward Looking Statements This press release contains forward-looking statements which can be identified, for example, by their use of words like "plans," "expects," "believes," "will," "anticipates," "intends," "projects," "estimates," "could," "would," "may," "planned," "goal," and other words of similar meaning. All statements that address expectations, possibilities or projections about the future, including without limitation, statements about anticipated economic conditions, our strategies for growth, expansion plans, sources or adequacy of capital, expenditures and financial results are forward-looking statements.Because such statements include various risks and uncertainties, actual results might differ materially from those projected in the forward- looking statements and no assurance can be given that the Company will meet the results projected in the forward-looking statements. Accordingly, the reader should not place undue reliance on forward-looking statements. These risks and uncertainties include, but are not limited to the following: (i) heightened inflationary pressure and interest rates, a decline in consumer discretionary spending, increased cost of borrowing or deterioration in consumer financial position; (ii) the Company's ability to maintain its listing on the NYSE American or to list its securities on another national securities exchange; (iii) economic, political and market conditions, including the economies of Canada and the U.S., which could adversely affect the Company's business, operating results or financial condition, including its revenue and profitability, through the impact of changes in the real estate markets, changes in the equity markets and decreases in consumer confidence and the related changes in consumer spending patterns, the impact on store traffic, tourism and sales as well as tariffs (and retaliatory measures), possible changes therefrom and other trade restrictions; (iv) the impact of fluctuations in foreign exchange rates, increases in commodity prices and borrowing costs, and their related impact on the Company's costs and expenses; (v) the Company's ability to maintain and obtain sufficient sources of liquidity to fund its operations, to achieve planned sales, gross margin and net income, to keep costs low, to implement its business strategy, maintain relationships with its primary vendors, to source raw materials, to mitigate fluctuations in the availability and prices of the Company's merchandise, to compete with other jewelers, to succeed in its marketing initiatives (including with respect to Birks branded products), and to have a successful customer service program; (vi) the Company's plan to evaluate the productivity of existing stores, close unproductive stores and open new stores in prime retail locations, renovate existing stores and invest in its website and e-commerce platform; (vii) the Company's ability to execute its strategic vision; (viii) the Company's ability to invest in and finance capital expenditures; and (ix) the Company's ability to continue as a going concern.Information concerning the above and other risk factors that could cause actual results to differ materially is set forth under the captions "Risk Factors" and "Operating and Financial Review and Prospects" and elsewhere in the Company's Annual Report on Form 20-F filed with the Securities and Exchange Commission on July 25, 2025, and subsequent filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.Company Contacts:
Katia Fontana
Vice President and Chief Financial Officer
(514) 397-2592For all press and media inquiries, please contact:
Press@birks.comSOURCE Birks Group Inc.
Original: BIRKS GROUP ANNOUNCES THE RETIREMENT AND NEW APPOINTMENT OF ITS CFO
US Market News
5月前
GROUPE BIRKS ANNONCE LA RETRAITE ET LA NOUVELLE NOMINATION DE SON CHEF DES AFFAIRES FINANCIÈRESFebruary 10, 2026 4:45 PM
PR Newswire (Canada)
MONTRÉAL, le 10 févr. 2026 /CNW/ - Groupe Birks inc. (la « Société » ou « Groupe Birks ») (NYSE American : BGI) a annoncé aujourd'hui que Katia Fontana, vice-présidente et chef des affaires financières, a décidé de prendre sa retraite à compter du 1er avril 2026. Au cours des six dernières années, Madame Fontana a été un membre essentiel de l'équipe de direction, contribuant à guider la Société à travers des transformations stratégiques et des défis externes avec professionnalisme et leadership constant.
Groupe Birks est également heureuse d'annoncer que Monsieur Aldo Battista rejoindra la Société le 11 février 2026. Pendant la période de transition, Monsieur Battista exercera initialement les fonctions de vice-président, comptabilité et trésorerie, travaillant aux côtés de Madame Fontana pour assurer un transfert fluide et ordonné des responsabilités financières et comptables avant d'assumer le rôle de vice-président et chef des affaires financières le 2 avril 2026.Monsieur Battista est un comptable professionnel agréé (CPA) et possède plus de 25 ans d'expérience en finance et comptabilité. Il a passé 16 ans de sa carrière dans l'industrie du commerce de détail chez Reitmans (Canada) Limited, un détaillant de vêtements, de 2008 à 2024, à divers postes, y compris vice-président des finances. Il a commencé sa carrière en tant qu'auditeur externe chez Deloitte de 1991 à 1995. Il est titulaire d'un Executive Master in Business Administration (EMBA) de l'Université Queen's, d'un baccalauréat en commerce de l'Université Concordia et d'un titre de comptable professionnel agréé de l'Ordre des comptables professionnels agréés du Québec.Niccolò Rossi di Montelera, président exécutif du conseil d'administration et chef de la direction par intérim, a commenté : « Katia a été un membre estimé de notre équipe de direction et a apporté des contributions significatives à Groupe Birks depuis son arrivée en 2020. Son leadership, ses conseils et son engagement ont été essentiels pour naviguer à travers des périodes difficiles y compris la pandémie de Covid-19. Au nom de Monsieur Davide Barberis Canonico, président et chef d'exploitation par intérim, et de l'ensemble du conseil d'administration, je tiens à remercier sincèrement Katia pour son dévouement et ses contributions à Groupe Birks, et à lui souhaiter une retraite épanouissante." Monsieur Rossi di Montelera a poursuivi : "Nous sommes également très heureux que Katia reste avec nous pour assurer une transition fluide alors que nous accueillons Aldo Battista en tant que nouveau chef des affaires financières. Aldo apporte une vaste expérience en finance, comptabilité et dans le secteur de la vente au détail, et nous sommes convaincus que son expertise sera un atout précieux pour la Société."Katia Fontana, vice-présidente et chef des affaires financières, a déclaré : "Cela a été profondément gratifiant et un privilège de servir Groupe Birks au cours des six dernières années. Je suis reconnaissante pour le dévouement, la passion et la résilience de nos équipes. Je suis heureuse de soutenir une transition en douceur et, alors que je commence le prochain chapitre de ma vie, je me réjouis de voir la Société continuer à poursuivre ses initiatives stratégiques sous une nouvelle direction financière et j'encouragerai l'équipe à mesure que la Société évolue.À propos de Group Birks inc. Groupe Birks est un chef de file dans la création de joaillerie et un exploitant de magasins de joaillerie, de montres et de cadeaux de luxe au Canada. La Société exploite dix-sept (17) boutiques sous la bannière Maison Birks dans la plupart des grands centres urbains au Canada, une boutique Birks à Montréal, une boutique TimeVallée à Montréal, une boutique Brinkhaus à Calgary, une boutique Graff à Vancouver, une boutique Patek Philippe à Vancouver, quatre boutiques Breitling à Laval, Ottawa et Toronto, quatre boutiques à Toronto sous la bannière European Boutique, une boutique Omega à Toronto et une boutique Montblanc à Toronto. Fondée en 1879, Birks est devenue au fil des ans la référence au Canada en création et vente au détail de joaillerie, de montres et de cadeaux de luxe. Pour en savoir plus, consultez le site Web de Birks au www.birks.com.Déclarations prospectivesLe présent communiqué contient des déclarations prospectives qui peuvent être identifiées par l'utilisation de mots tels que « prévoit », « s'attend à », « croit », « va », « anticipe », « a l'intention de », « projette », « évalue », « pourrait », « planifie », « objectif » et d'autres mots ayant une signification similaire. Toutes les déclarations portant sur des attentes, des possibilités ou des projections concernant l'avenir, y compris, mais sans s'y limiter, les déclarations relatives aux conditions économiques anticipées, à nos stratégies de croissance, ainsi qu'à nos plans d'expansion, nos sources ou la suffisance de nos capitaux, nos dépenses et nos résultats financiers, sont des déclarations prospectives.Ces déclarations sont assujetties à des risques et à des incertitudes divers qui font en sorte que les résultats réels peuvent différer considérablement des résultats prévus dans les déclarations prospectives, et aucune assurance ne peut être donnée que la Société obtiendra les résultats prévus dans les déclarations prospectives. Par conséquent, le lecteur ne doit pas se fier indûment aux déclarations prospectives. Ces risques et incertitudes incluent, sans y être limités : (i) une augmentation de la pression inflationniste et des taux d'intérêt, une baisse des dépenses discrétionnaires de consommation, une augmentation du coût des emprunts ou une détérioration de la situation financière des consommateurs; (ii) la capacité de la Société à maintenir sa cotation au NYSE American ou à coter ses titres sur une autre bourse nationale; (iii) les conditions économiques, politiques et de marché, y compris les économies du Canada et des États-Unis, qui pourraient avoir une incidence négative sur les activités, les résultats d'exploitation ou la situation financière de la Société, y compris ses revenus et sa rentabilité, en raison de l'impact des changements sur les marchés immobiliers, des changements sur les marchés des actions et des baisses de confiance des consommateurs et des changements connexes dans les dépenses de consommation des consommateurs, l'impact sur l'achalandage en magasin, le tourisme et les ventes, ainsi que les tarifs douaniers (et les mesures de rétorsion), les modifications éventuelles de ceux-ci et les autres restrictions commerciales; (iv) l'impact des fluctuations des taux de change, l'augmentation des prix des produits de base et des coûts d'emprunt ainsi que leurs incidences connexes sur les coûts et les dépenses de la Société; (v) la capacité de la Société de maintenir et d'obtenir des sources de liquidités suffisantes pour financer ses activités, d'atteindre ses objectifs en matière de ventes, de marge brute et de bénéfice net, de maintenir ses coûts à un bas niveau, de mettre en œuvre sa stratégie d'affaires, d'entretenir ses relations avec ses principaux fournisseurs, de s'approvisionner de produits de base, d'atténuer les effets des fluctuations sur la disponibilité et les prix de sa marchandise, de concurrencer d'autres joailliers, de réussir ses initiatives de marketing (y compris en ce qui concerne les produits de marque Birks), et d'assurer le succès de son programme de service à la clientèle; (vi) le plan de la Société visant à évaluer la productivité des magasins existants, à fermer les magasins non productifs et à ouvrir de nouveaux magasins dans de nouveaux emplacements de vente au détail de premier choix, à rénover les magasins existants et à investir dans son site Web et sa plateforme de commerce en ligne; (vii) la capacité de la Société à réaliser sa vision stratégique; (viii) la capacité de la Société à investir dans des dépenses d'investissement et à les financer; et (ix) la capacité de la Société à poursuivre ses activités.Des informations concernant les facteurs de risque mentionnés ci-dessus et d'autres facteurs qui pourraient faire différer considérablement les résultats réels des prévisions sont donnés aux rubriques portant sur les facteurs de risque et l'analyse et les perspectives opérationnelles et financières et ailleurs dans le rapport annuel de la Société, sur le formulaire 20-F déposé auprès de la Securities and Exchange Commission (« SEC ») le 25 juillet 2025 et dans les documents déposés par la suite auprès de la SEC. La Société n'assume aucune obligation de mises à jour ni de publication de révisions quelconques de ces déclarations prospectives, que ce soit afin de refléter des événements ou des circonstances survenus après la date du présent communiqué ou afin de refléter des événements imprévus, sauf dans la mesure prévue par la loi.Personne-ressource :
Katia Fontana
Vice-présidente et chef des affaires financières
514 397-2592Pour toute question concernant les relations avec la presse et les médias, veuillez communiquer avec :
Press@birks.comSOURCE Groupe Birks Inc.
Original: GROUPE BIRKS ANNONCE LA RETRAITE ET LA NOUVELLE NOMINATION DE SON CHEF DES AFFAIRES FINANCIÈRES
US Market News
5月前
GROUPE BIRKS INC. PRÉSENTE SES RÉSULTATS DE VENTES POUR LA PÉRIODE DES FÊTES DE L'EXERCICE 2026January 29, 2026 5:15 PM
PR Newswire (Canada)
MONTRÉAL, le 29 janv. 2026 /CNW/ - Groupe Birks inc. (la « société » ou « Groupe Birks ») (NYSE American: BGI) a annoncé aujourd'hui ses résultats de ventes pour la période intermédiaire de huit (8) semaines se terminant le 27 décembre 2025 (la « période des Fêtes de l'exercice 2026 »), enregistrant une hausse de 11,8 % des ventes nettes par rapport à la période correspondante de l'exercice 2025. Les ventes des magasins comparables pour la période des Fêtes de l'exercice 2026 ont augmenté de 2,5 % par rapport à la période correspondante de l'exercice 2025.
La hausse de 11,8 % du chiffre d'affaires net pour la période des Fêtes de l'exercice 2026, par rapport à la période comparable de l'exercice 2025, est en partie attribuable à l'acquisition des magasins de montres et de bijoux de luxe European Boutique ainsi qu'à une augmentation des ventes de montres de marques et de bijoux de la marque Birks, tant dans le commerce de détail que dans le commerce en ligne. La hausse de 2,5 % du chiffre d'affaires des magasins comparables au cours de la période des Fêtes de l'exercice 2026 par rapport à la période comparable de l'exercice 2025 est également attribuable à la performance des montres de marques et des bijoux de la marque Birks.M. Niccolò Rossi di Montelera, président exécutif du conseil d'administration et chef de la direction par intérim de Groupe Birks, a déclaré : « Nos équipes ont obtenu de bons résultats pendant la période des Fêtes par rapport à la période comparable de l'an dernier, en partie grâce à l'acquisition des magasins European Boutique, mais aussi grâce à la solide performance dans le commerce de détail et le commerce en ligne. Nous nous concentrons à capitaliser sur cet élan et sur l'excellence du service à la clientèle. Je tiens à remercier sincèrement tous nos employés pour leur persévérance et leur dévouement. »Ventes des magasins comparablesLes ventes des magasins comparables constituent un indicateur de rendement clé pour notre société. Le chiffre d'affaires des magasins comparables comprend les magasins qui étaient ouverts pendant une même période pour l'exercice considéré et l'exercice précédent et comprennent les ventes en ligne. Les résultats des magasins figurent dans le calcul des ventes de magasins comparables lors de leur treizième mois d'exploitation sous notre propriété. Chaque magasin qui a été redimensionné ou relocalisé est évalué afin de déterminer s'il s'agit, sur le plan fonctionnel, du même magasin ou d'un nouveau magasin et, selon le cas, ses résultats sont inclus ou exclus des ventes de magasins comparables. Les ventes de magasins comparables mesurent la variation en pourcentage des ventes nettes des magasins comparables d'une période donnée par rapport à celles de la période correspondante de l'exercice précédent. Dans le cas où un magasin comparable n'était pas ouvert durant la totalité de ces deux périodes, les ventes de magasins comparables calculent la variation des ventes nettes pour le nombre de jours de ces périodes respectives au cours desquels le magasin était ouvert. Nous sommes d'avis que cette mesure financière donne des renseignements utiles sur notre performance et nos résultats d'exploitation. Toutefois, nous avisons les lecteurs que cette mesure financière n'a pas été normalisée et qu'elle n'est pas nécessairement comparable à d'autres mesures similaires présentées par d'autres entreprises.À propos de Group Birks inc. Groupe Birks est un chef de file dans la création de joaillerie et un exploitant de magasins de joaillerie, de montres et de cadeaux de luxe au Canada. La société exploite dix-sept (17) boutiques sous la bannière Maison Birks dans la plupart des grands centres urbains au Canada, une boutique Birks à Montréal, une boutique TimeVallée à Montréal, une boutique Brinkhaus à Calgary, une boutique Graff à Vancouver, une boutique Patek Philippe à Vancouver, quatre boutiques Breitling à Laval, Ottawa et Toronto, quatre boutiques à Toronto sous la bannière European Boutique, une boutique Omega à Toronto et une boutique Montblanc à Toronto. Fondée en 1879, Birks est devenue au fil des ans la référence au Canada en création et vente au détail de joaillerie, de montres et de cadeaux de luxe. Pour en savoir plus, consultez le site Web de Birks au www.birks.com.Déclarations prospectivesLe présent communiqué contient des déclarations prospectives qui peuvent être identifiées par l'utilisation de mots tels que « prévoit », « s'attend à », « croit », « va », « anticipe », « a l'intention de », « projette », « évalue », « pourrait », « planifie », « objectif » et d'autres mots ayant une signification similaire. Toutes les déclarations portant sur des attentes, des possibilités ou des projections concernant l'avenir, y compris, mais sans s'y limiter, les déclarations relatives aux conditions économiques anticipées, à nos stratégies de croissance, ainsi qu'à nos plans d'expansion, nos sources ou la suffisance de nos capitaux, nos dépenses et nos résultats financiers, sont des déclarations prospectives.Ces déclarations sont assujetties à des risques et à des incertitudes divers qui font en sorte que les résultats réels peuvent différer considérablement des résultats prévus dans les déclarations prospectives, et aucune assurance ne peut être donnée que la société obtiendra les résultats prévus dans les déclarations prospectives. Par conséquent, le lecteur ne doit pas se fier indûment aux déclarations prospectives. Ces risques et incertitudes incluent, sans y être limités : (i) une augmentation de la pression inflationniste et des taux d'intérêt, une baisse des dépenses discrétionnaires de consommation, une augmentation du coût des emprunts ou une détérioration de la situation financière des consommateurs; (ii) la capacité de la société à maintenir sa cotation au NYSE American ou à coter ses titres sur une autre bourse nationale; (iii) les conditions économiques, politiques et de marché, y compris les économies du Canada et des États-Unis, qui pourraient avoir une incidence négative sur les activités, les résultats d'exploitation ou la situation financière de la société, y compris ses revenus et sa rentabilité, en raison de l'impact des changements sur les marchés immobiliers, des changements sur les marchés des actions et des baisses de confiance des consommateurs et des changements connexes dans les dépenses de consommation des consommateurs, l'impact sur l'achalandage en magasin, le tourisme et les ventes, ainsi que les tarifs douaniers (et les mesures de rétorsion), les modifications éventuelles de ceux-ci et les autres restrictions commerciales; (iv) l'impact des fluctuations des taux de change, l'augmentation des prix des produits de base et des coûts d'emprunt ainsi que leurs incidences connexes sur les coûts et les dépenses de la société; (v) la capacité de la société de maintenir et d'obtenir des sources de liquidités suffisantes pour financer ses activités, d'atteindre ses objectifs en matière de ventes, de marge brute et de bénéfice net, de maintenir ses coûts à un bas niveau, de mettre en œuvre sa stratégie d'affaires, d'entretenir ses relations avec ses principaux fournisseurs, de s'approvisionner de produits de base, d'atténuer les effets des fluctuations sur la disponibilité et les prix de sa marchandise, de concurrencer d'autres joailliers, de réussir ses initiatives de marketing (y compris en ce qui concerne les produits de marque Birks), et d'assurer le succès de son programme de service à la clientèle; (vi) le plan de la société visant à évaluer la productivité des magasins existants, à fermer les magasins non productifs et à ouvrir de nouveaux magasins dans de nouveaux emplacements de vente au détail de premier choix, à rénover les magasins existants et à investir dans son site Web et sa plateforme de commerce en ligne; (vii) la capacité de la société à réaliser sa vision stratégique; (viii) la capacité de la société à investir dans des dépenses d'investissement et à les financer; et (ix) la capacité de la société à poursuivre ses activités.Des renseignements sur les facteurs qui pourraient faire différer considérablement les résultats réels des prévisions sont donnés aux rubriques portant sur les facteurs de risque et l'analyse et les perspectives opérationnelles et financières et ailleurs dans le rapport annuel de la société, sur le formulaire 20-F déposé auprès de la Securities and Exchange Commission (« SEC ») le 25 juillet 2025 et dans les documents déposés par la suite auprès de la SEC. La société n'assume aucune obligation de mises à jour ni de publication de révisions quelconques de ces déclarations prospectives, que ce soit afin de refléter des événements ou des circonstances survenus après la date du présent communiqué ou afin de refléter des événements imprévus, sauf dans la mesure prévue par la loi.Personne-ressource :
Katia Fontana
Vice-présidente et chef des affaires financières
514 397-2592Pour toute question concernant les relations avec la presse et les médias, veuillez communiquer avec :
Press@birks.comSOURCE Groupe Birks Inc.
Original: GROUPE BIRKS INC. PRÉSENTE SES RÉSULTATS DE VENTES POUR LA PÉRIODE DES FÊTES DE L'EXERCICE 2026
US Market News
5月前
BIRKS GROUP REPORTS FY2026 HOLIDAY PERIOD SALES RESULTSJanuary 29, 2026 5:15 PM
PR Newswire (Canada)
MONTREAL, Jan. 29, 2026 /CNW/ - Birks Group Inc. (the "Company" or "Birks Group") (NYSE American: BGI), today reported its sales results for the 8-week interim sales period ended December 27th, 2025 (the "FY2026 Holiday Period"), resulting in an increase of 11.8% in net sales as compared to the corresponding period in FY2025. Comparable store sales for the FY2026 Holiday Period increased by 2.5% as compared to the corresponding period in FY2025.
The 11.8% increase in net sales for the FY2026 Holiday Period, as compared to the corresponding period in FY2025, is attributable in part to the acquisition of the European Boutique luxury timepieces and jewelry stores as well as an increase in sales of branded timepieces and Birks branded jewelry, both in retail and in e-commerce. The 2.5% increase in comparable store sales in the FY2026 Holiday Period versus the comparable period in FY2025 was also attributable to the performance of branded timepieces and Birks branded jewelry.Mr. Niccolò Rossi di Montelera, Executive Chairman of the Board and Interim CEO of Birks Group, commented: "Our teams have delivered good sales results this holiday period as compared to the corresponding period last year, due in part to the acquisition of the European Boutique stores but also due to our strong retail and e-commerce performances. We are focused on building on this momentum and on delivering excellence in customer service. I would like to sincerely thank all our employees for their continued hard work and dedication."Comparable Store SalesWe use comparable store sales as a key performance measure for our business. Comparable store sales include stores open in the same period in both the current and prior period. We include e-commerce sales in our comparable store sales calculations. Stores enter the comparable store calculation in their thirteenth full month of operation under our ownership. Stores that have been resized or relocated are evaluated on a case-by-case basis to determine if they are functionally the same store or a new store and then are included or excluded from comparable store sales, accordingly. Comparable store sales measure the percentage change in net sales for comparable stores in a period compared to the corresponding period in the previous year. If a comparable store is not open for the entirety of both periods, comparable store sales measure the change in net sales for the portion of time that such store was open in both periods. We believe that this measure provides meaningful information on our performance and operating results. However, readers should know that this financial measure has no standardized meaning and may not be comparable to similar measures presented by other companies.About Birks Group Inc. Birks Group is a leading designer of fine jewelry, and an operator of luxury jewelry, timepieces and gifts retail stores in Canada. The Company operates 17 stores under the Maison Birks brand in most major metropolitan markets in Canada, one retail location in Montreal under the Birks brand, one retail location in Montreal under the TimeVallée brand, one retail location in Calgary under the Brinkhaus brand, one retail location in Vancouver under the Graff brand, one retail location in Vancouver under the Patek Philippe brand, four retail locations in Laval, Ottawa and Toronto under the Breitling brand, four retail locations in Toronto under the European Boutique brand, one retail location in Toronto under the Omega brand and one retail location in Toronto under the Montblanc brand. Birks was founded in 1879 and has become Canada's premier designer and retailer of fine jewelry, timepieces and gifts. Additional information can be found on Birks' web site, www.birks.com.Forward Looking Statements This press release contains forward-looking statements which can be identified, for example, by their use of words like "plans," "expects," "believes," "will," "anticipates," "intends," "projects," "estimates," "could," "would," "may," "planned," "goal," and other words of similar meaning. All statements that address expectations, possibilities or projections about the future, including without limitation, statements about anticipated economic conditions, our strategies for growth, expansion plans, sources or adequacy of capital, expenditures and financial results are forward-looking statements.Because such statements include various risks and uncertainties, actual results might differ materially from those projected in the forward- looking statements and no assurance can be given that the Company will meet the results projected in the forward-looking statements. Accordingly, the reader should not place undue reliance on forward-looking statements. These risks and uncertainties include, but are not limited to the following: (i) heightened inflationary pressure and interest rates, a decline in consumer discretionary spending, increased cost of borrowing or deterioration in consumer financial position; (ii) the Company's ability to maintain its listing on the NYSE American or to list its securities on another national securities exchange; (iii) economic, political and market conditions, including the economies of Canada and the U.S., which could adversely affect the Company's business, operating results or financial condition, including its revenue and profitability, through the impact of changes in the real estate markets, changes in the equity markets and decreases in consumer confidence and the related changes in consumer spending patterns, the impact on store traffic, tourism and sales as well as tariffs (and retaliatory measures), possible changes therefrom and other trade restrictions; (iv) the impact of fluctuations in foreign exchange rates, increases in commodity prices and borrowing costs, and their related impact on the Company's costs and expenses; (v) the Company's ability to maintain and obtain sufficient sources of liquidity to fund its operations, to achieve planned sales, gross margin and net income, to keep costs low, to implement its business strategy, maintain relationships with its primary vendors, to source raw materials, to mitigate fluctuations in the availability and prices of the Company's merchandise, to compete with other jewelers, to succeed in its marketing initiatives (including with respect to Birks branded products), and to have a successful customer service program; (vi) the Company's plan to evaluate the productivity of existing stores, close unproductive stores and open new stores in prime retail locations, renovate existing stores and invest in its website and e-commerce platform; (vii) the Company's ability to execute its strategic vision; (viii) the Company's ability to invest in and finance capital expenditures; and (ix) the Company's ability to continue as a going concern.Information concerning the above and other risk factors that could cause actual results to differ materially is set forth under the captions "Risk Factors" and "Operating and Financial Review and Prospects" and elsewhere in the Company's Annual Report on Form 20-F filed with the Securities and Exchange Commission on July 25, 2025, and subsequent filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.Company Contacts:
Katia Fontana
Vice President and Chief Financial Officer
(514) 397-2592For all press and media inquiries, please contact:
Press@birks.comSOURCE Birks Group Inc.
Original: BIRKS GROUP REPORTS FY2026 HOLIDAY PERIOD SALES RESULTS
US Market News
5月前
Birks Group Reports FY2026 Holiday Period Sales ResultsJanuary 29, 2026 5:15 PM
Business Wire
Birks Group Inc. (the “Company” or “Birks Group”) (NYSE American: BGI), today reported its sales results for the 8-week interim sales period ended December 27th, 2025 (the “FY2026 Holiday Period”), resulting in an increase of 11.8% in net sales as compared to the corresponding period in FY2025. Comparable store sales for the FY2026 Holiday Period increased by 2.5% as compared to the corresponding period in FY2025.
The 11.8% increase in net sales for the FY2026 Holiday Period, as compared to the corresponding period in FY2025, is attributable in part to the acquisition of the European Boutique luxury timepieces and jewelry stores as well as an increase in sales of branded timepieces and Birks branded jewelry, both in retail and in e-commerce. The 2.5% increase in comparable store sales in the FY2026 Holiday Period versus the comparable period in FY2025 was also attributable to the performance of branded timepieces and Birks branded jewelry.
Mr. Niccolò Rossi di Montelera, Executive Chairman of the Board and Interim CEO of Birks Group, commented: “Our teams have delivered good sales results this holiday period as compared to the corresponding period last year, due in part to the acquisition of the European Boutique stores but also due to our strong retail and e-commerce performances. We are focused on building on this momentum and on delivering excellence in customer service. I would like to sincerely thank all our employees for their continued hard work and dedication.”
Comparable Store Sales
We use comparable store sales as a key performance measure for our business. Comparable store sales include stores open in the same period in both the current and prior period. We include e-commerce sales in our comparable store sales calculations. Stores enter the comparable store calculation in their thirteenth full month of operation under our ownership. Stores that have been resized or relocated are evaluated on a case-by-case basis to determine if they are functionally the same store or a new store and then are included or excluded from comparable store sales, accordingly. Comparable store sales measure the percentage change in net sales for comparable stores in a period compared to the corresponding period in the previous year. If a comparable store is not open for the entirety of both periods, comparable store sales measure the change in net sales for the portion of time that such store was open in both periods. We believe that this measure provides meaningful information on our performance and operating results. However, readers should know that this financial measure has no standardized meaning and may not be comparable to similar measures presented by other companies.
About Birks Group Inc.
Birks Group is a leading designer of fine jewelry, and an operator of luxury jewelry, timepieces and gifts retail stores in Canada. The Company operates 17 stores under the Maison Birks brand in most major metropolitan markets in Canada, one retail location in Montreal under the Birks brand, one retail location in Montreal under the TimeVallée brand, one retail location in Calgary under the Brinkhaus brand, one retail location in Vancouver under the Graff brand, one retail location in Vancouver under the Patek Philippe brand, four retail locations in Laval, Ottawa and Toronto under the Breitling brand, four retail locations in Toronto under the European Boutique brand, one retail location in Toronto under the Omega brand and one retail location in Toronto under the Montblanc brand. Birks was founded in 1879 and has become Canada’s premier designer and retailer of fine jewelry, timepieces and gifts. Additional information can be found on Birks’ web site, www.birks.com.
Forward Looking Statements
This press release contains forward-looking statements which can be identified, for example, by their use of words like “plans,” “expects,” “believes,” “will,” “anticipates,” “intends,” “projects,” “estimates,” “could,” “would,” “may,” “planned,” “goal,” and other words of similar meaning. All statements that address expectations, possibilities or projections about the future, including without limitation, statements about anticipated economic conditions, our strategies for growth, expansion plans, sources or adequacy of capital, expenditures and financial results are forward-looking statements.
Because such statements include various risks and uncertainties, actual results might differ materially from those projected in the forward- looking statements and no assurance can be given that the Company will meet the results projected in the forward-looking statements. Accordingly, the reader should not place undue reliance on forward-looking statements. These risks and uncertainties include, but are not limited to the following: (i) heightened inflationary pressure and interest rates, a decline in consumer discretionary spending, increased cost of borrowing or deterioration in consumer financial position; (ii) the Company’s ability to maintain its listing on the NYSE American or to list its securities on another national securities exchange; (iii) economic, political and market conditions, including the economies of Canada and the U.S., which could adversely affect the Company’s business, operating results or financial condition, including its revenue and profitability, through the impact of changes in the real estate markets, changes in the equity markets and decreases in consumer confidence and the related changes in consumer spending patterns, the impact on store traffic, tourism and sales as well as tariffs (and retaliatory measures), possible changes therefrom and other trade restrictions; (iv) the impact of fluctuations in foreign exchange rates, increases in commodity prices and borrowing costs, and their related impact on the Company’s costs and expenses; (v) the Company’s ability to maintain and obtain sufficient sources of liquidity to fund its operations, to achieve planned sales, gross margin and net income, to keep costs low, to implement its business strategy, maintain relationships with its primary vendors, to source raw materials, to mitigate fluctuations in the availability and prices of the Company’s merchandise, to compete with other jewelers, to succeed in its marketing initiatives (including with respect to Birks branded products), and to have a successful customer service program; (vi) the Company’s plan to evaluate the productivity of existing stores, close unproductive stores and open new stores in prime retail locations, renovate existing stores and invest in its website and e-commerce platform; (vii) the Company’s ability to execute its strategic vision; (viii) the Company’s ability to invest in and finance capital expenditures; and (ix) the Company’s ability to continue as a going concern.
Information concerning the above and other risk factors that could cause actual results to differ materially is set forth under the captions “Risk Factors” and “Operating and Financial Review and Prospects” and elsewhere in the Company’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on July 25, 2025, and subsequent filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260129688816/en/
Company Contacts:
Katia Fontana
Vice President and Chief Financial Officer
(514) 397-2592
For all press and media inquiries, please contact:
Press@birks.com
Original: Birks Group Reports FY2026 Holiday Period Sales Results
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