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birks group inc (BGI) Details

Birks Group Inc. designs, develops, produces, and retails fine jewelry, timepieces, sterling and plated silverware, and gifts in the United States and Canada. It operates in two segments, Retail and Other. The company offers designed products, as well as various merchandise, including designer jewelry, diamonds, gemstone and precious metal jewelry, rings, wedding bands, earrings, bracelets, necklaces, charms, and pearls. As of May 31, 2018, it operated 27 stores under the Birks brand in Canada and 2 retail locations in Calgary and Vancouver under the Brinkhaus brand. It also engages in the retail and wholesale of fine jewelry collections through Mappin & Webb and Goldsmiths stores and on their e-commerce platforms in the United Kingdom. The company was formerly known as Birks & Mayors Inc. and changed its name to Birks Group Inc. in October 2013. Birks Group Inc. was founded in 1879 and is headquartered in Montreal, Canada.

348 Employees
Last Reported Date: 07/3/18
Founded in 1879

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birks group inc
Birks Group Inc. Reports Unaudited Consolidated Earnings Results for the Twenty-Six Week Period Ended September 29, 2018

Birks Group Inc. reported unaudited consolidated earnings results for the twenty-six week period ended September 29, 2018. For the period, net sales were CAD 68,728,000 against CAD 65,071,000 a year ago. Operating loss was CAD 8,495,000 against CAD 5,913,000 a year ago. Loss from continuing operations was CAD 10,361,000 against CAD 7,349,000 a year ago. Loss per diluted share from continuing operations was CAD 0.58 against CAD 0.41 a year ago. Net loss was CAD 10,805,000 against CAD 5,547,000 a year ago. Loss per diluted share was CAD 0.60 against CAD 0.31 a year ago. The CAD 3.6 million increase in Net Sales were driven by a strong performance of the core retail business (excluding stores currently under renovation) mainly due to the re-opening of the Montreal Flagship store, by increased e-commerce sales, as well as by the successful execution of targeted marketing campaigns, partially offset by lower sales at stores undergoing renovations.

Birks Group Inc., Annual General Meeting, Sep 14, 2018

Birks Group Inc., Annual General Meeting, Sep 14, 2018, at 13:00 Coordinated Universal Time. Location: Saint-James Club, 1145 Union Avenue, Montreal Quebec Canada Agenda: To consider the consolidated financial statements for the fiscal year ended March 31, 2018, together with the auditors' report thereon; to electing a board of eight directors to serve until the next annual meeting of shareholders; to consider the appointment of KPMG LLP as auditors and authorizing the directors to fix their remuneration; and to transact such other business as may properly be brought before the meeting.

Birks Group Inc. Announces Management Changes

On June 28, 2018, Birks Group Inc. ratified the appointment Ms. Maryame El Bouwab to the position of Vice President, Planning and Supply Chain, effective June 1, 2018. Ms. El Bouwab has been with the company since March 2013. Prior to her appointment, she was the company’s Vice President, Merchandise Planning from February 1, 2017 to April 30, 2018 and the company’s Director of Merchandise Planning from March 2013 to February 2017. Prior to joining the company, Ms. El Bouwab was, from 2005 to 2012, with Mexx Canada where she held the position of Merchandise Planning Manager and with Lucky Brand Jeans as Merchandising and Planning & Allocation Manager. As a result of a reorganization, the company will eliminate the position of Vice-President, Chief Talent Officer, currently held by Ms. Hélène Messier, effective September 30, 2018. Ms. Miranda Melfi, currently Vice-President, Legal Affairs and Corporate Secretary will, in addition to her current responsibilities, be assuming the responsibilities of the human resources department as of October 1, 2018. By mutual agreement, Ms. Messier will assist in the transition of the human resources duties to Ms. Melfi.


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