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10.02.26 - 22:48
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Birks Group Announces the Retirement and New Appointment of Its CFO (Business Wire)
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MONTREAL--(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 ...
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05.12.25 - 23:18
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Birks Group Inc. Reports Mid-Year Fiscal 2026 Results (Business Wire)
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MONTREAL--(BUSINESS WIRE)--Birks Group Inc. (the “Company” or “Birks Group”) (NYSE American: BGI), today reported its financial results for the twenty-six-week period ended September 27, 2025.
Highlights
All figures presented herein are in Canadian dollars.
For the twenty-six-week period ended September 27, 2025 (“Fiscal 2026”), the Company reported net sales of $93.1 million, an increase of $13.0 million or 16.2% from the comparable prior period ended September 28, 2024 (“Fiscal 2025”). Comparable store sales for the twenty-six-week period ended September 27, 2025, increased by 6.3% compared to the corresponding period of Fiscal 2025. The increase in net sales is attributable in part to the acquisition of the luxury timepieces and jewelry retail activities of European Boutique (“European”) as well as an increase in sales of third-party branded timepieces across multiple brands, Birks branded jewelry and third-party branded jewelry. The Company reported a gross profit of $36.5 milli...
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09.09.25 - 23:36
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Birks Group Inc. Recommends Appointment of New Auditors (Business Wire)
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Shareholders to vote on the appointment of the new auditors at the upcoming annual general meeting of shareholdersMONTREAL--(BUSINESS WIRE)--Birks Group Inc. (the “Company” or “Birks Group”) (NYSE American: BGI), today announced that the board of directors of the Company (the “Board”) has recommended the appointment of Grant Thornton S.E.N.C.R.L. (“Grant Thornton”) as auditors of the Company for the Company's fiscal year ending March 28, 2026 (“fiscal year 2026”).
KPMG LLP (“KPMG”) has served as the Company's independent auditors since January 25, 2000. On July 29, 2025, following the issuance of KPMG's audit report on the Company's consolidated financial statements for the fiscal year ended March 29, 2025, the Company launched a competitive request for proposal (“RFP”) process inviting KPMG and other qualified firms to submit proposals in order to evaluate and select auditors (the “Selected Auditors”) for fiscal year 2026 to serve until the next annual meeting of share...
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26.08.25 - 23:06
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Birks Group Inc. Announces New Leadership (Business Wire)
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MONTREAL--(BUSINESS WIRE)--Birks Group Inc. (the “Company” or “Birks Group”) (NYSE American: BGI), today announced that Jean-Christophe Bédos, the Company's President and CEO and Director, is stepping down from his role, effective August 29, 2025. He will continue to support the Company in an advisory capacity during the leadership transition. The decision comes as the Company repositions itself for stability and long-term growth.
An executive search for a new President and CEO will take place in due course. In the interim, Mr. Niccolò Rossi di Montelera, in addition to being the Company's Executive Chairman of the Board, was appointed as Interim CEO. Mr. Rossi di Montelera was elected to the Company's Board of Directors in September 2010 and has served as Vice-Chairman of the Company's Board of Directors from June 2015 until being appointed Executive Chairman of the Board in January 2017. In addition, Mr. Davide Barberis Canonico, a member of the Company's Board of Directors, was appointed...
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25.07.25 - 23:03
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Birks Group Inc. Reports Fiscal 2025 Results (Business Wire)
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MONTREAL--(BUSINESS WIRE)--Birks Group Inc. (the “Company” or “Birks Group”) (NYSE American: BGI), today reported its financial results for the fiscal year ended March 29, 2025.
Highlights
All figures presented herein are in Canadian dollars.
For the fiscal year ended March 29, 2025 (“fiscal 2025”), the Company reported net sales of $177.8 million, a decrease of $7.5 million or 4.0%, from the comparable fiscal year ended March 30, 2024 (“fiscal 2024”). Comparable store sales for fiscal 2025 decreased by 3.4% compared to the corresponding period in fiscal 2024. The decrease in net sales and comparable store sales is mainly due to lower sales of branded jewelry due to the exit of a jewelry brand from two stores. When excluding the third-party jewelry brand movement, the comparable store sales increased by 6.9%, mainly driven by timepiece sales. The Company reported gross profit of $66.3 million, or 37.3% of net sales, compared to $73.6 million, or 39.7% of net sales in fiscal 2024, due to lo...
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09.07.25 - 02:03
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Birks Group Completes the Acquisition of the Watch and Jewellery Business of European Boutique and Related Debt Financing Amendments (Business Wire)
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All figures presented herein are in Canadian dollars.MONTREAL--(BUSINESS WIRE)--Birks Group Inc. (the “Company”, “Birks Group” or “we”) (NYSE American LLC: BGI) is pleased to announce that, further to its June 9, 2025 announcement, it has completed the acquisition (the “Acquisition”) of the luxury watch and jewellery business of European Boutique (“European”) from its founders, the Sutkiewicz family, for a purchase price of $9,000,000, subject to customary adjustments.
Headquartered in Toronto, European operates stores at the Yorkdale, Square One, Toronto Eaton Center and Sherway Garden malls, consisting of four European Boutique multi-brand luxury watch and jewellery stores, three mono-brand boutiques for luxury brands OMEGA, Breitling, and Montblanc, as well as integrated storefronts for luxury brands such as TAG Heuer, GUCCI, and Diamonds Direct. In addition to its brick-and-mortar stores, European operates a national e-commerce website at European.ca which offers a wide selection o...
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09.06.25 - 13:36
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Birks Group Provides a Corporate Update (Business Wire)
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MONTREAL--(BUSINESS WIRE)--Birks Group Inc. (the “Company”, “Birks Group” or “we”) (NYSE American LLC: BGI) is pleased to provide an update on its corporate activities.
All figures presented herein are in Canadian dollars.
The Company has entered into a commitment letter with SLR Credit Solutions (“SLR”), one of the Company's current senior lenders, whereby SLR has committed to provide the Company with an additional term loan of $13.5 million subject to the satisfaction of certain conditions precedent (the “Incremental Loan”). The Incremental Loan would bear interest at the same rate as our current term loan with SLR which is CORRA plus (i) a CORRA adjustment of 0.32% and (ii) 7.75%, and it would be repayable, in full, on December 24, 2026. The proceeds of the Incremental Loan are to be used by the Company to fund a strategic acquisition of jewellery stores (the “Acquisition”) and to fund ordinary course working capital. In connection with the Acquisition, the Company has entered ...
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