Welcome to our dedicated page for Birks Group news (Ticker: BGI), a resource for investors and traders seeking the latest updates and insights on Birks Group stock.
Birks Group Inc. (BGI) is a designer of fine jewellery and an operator of luxury jewellery, timepieces and gifts retail stores in Canada. The Birks Group news feed on Stock Titan aggregates company press releases and other coverage so investors can review how the business is evolving across its retail, wholesale and e‑commerce activities.
Recent company news has focused on financial performance, with detailed updates on net sales, comparable store sales, gross profit and non‑GAAP measures such as EBITDA and Adjusted EBITDA for both interim periods and full fiscal years. These releases explain how factors like movements in third‑party branded jewellery, performance of third‑party branded timepieces, store renovations and store openings have influenced results.
Corporate development news includes announcements about the acquisition of the luxury watch and jewellery business of European Boutique, related financing arrangements, and updates on strategic transactions the company is evaluating. Birks has also reported on leadership changes, including the departure of a long‑serving President and CEO and the appointment of an interim CEO and interim President and Chief Operating Officer.
Governance and capital markets updates appear in the news flow as well, such as notices regarding NYSE American continued listing compliance, acceptance of a compliance plan, and recommendations and approvals related to the appointment of new independent auditors. Together, these items help investors track how Birks Group manages its listing status, audit oversight and broader corporate governance.
By following the BGI news page, readers can review a chronological record of Birks Group’s financial disclosures, strategic actions, leadership changes and exchange communications, all of which provide context for analyzing the company’s stock and operations over time.
Birks Group (NYSE American: BGI) reported results for the 8-week FY2026 Holiday Period ended December 27, 2025, with net sales up 11.8% year-over-year and comparable store sales up 2.5%.
The net sales increase reflects the acquisition of European Boutique stores and stronger sales of branded timepieces and Birks jewelry across retail and e-commerce.
Birks Group (NYSE American: BGI) reported results for the 26-week period ended September 27, 2025. Net sales rose to $93.1M, up 16.2% year-over-year, driven partly by the acquisition of European and stronger third-party timepiece and jewelry sales. Comparable store sales increased 6.3%. Gross profit was $36.5M (39.2% margin), up 16.7%. SG&A increased to $33.0M, reflecting acquisition costs and higher staffing. EBITDA was $4.8M; net loss narrowed to $2.6M ($0.13 per share).
Birks Group (NYSE American: BGI) has announced that its Board of Directors recommends appointing Grant Thornton S.E.N.C.R.L. as the company's new auditors for fiscal year 2026. This change comes after KPMG LLP's 25-year tenure as the company's independent auditors since January 2000.
The decision follows a competitive RFP process initiated on July 29, 2025. Shareholders will vote on this appointment at the upcoming annual general meeting scheduled for September 18, 2025. The meeting will allow shareholders to approve Grant Thornton's appointment and authorize the Board to determine their remuneration.
Birks Group (NYSE American: BGI) announced significant leadership changes as President and CEO Jean-Christophe Bédos steps down effective August 29, 2025, after 13 years of service. The company has appointed Niccolò Rossi di Montelera, current Executive Chairman of the Board, as Interim CEO, while Board member Davide Barberis Canonico takes on the role of Interim President and Chief Operating Officer.
Bédos will continue supporting the company in an advisory capacity during the transition period. Under his leadership, Birks Group developed its product brand, established partnerships with global brands, and navigated through challenging periods including the COVID-19 pandemic. The company acknowledges recent softer-than-expected performance and aims to refocus on operational discipline and value creation for shareholders.
Birks Group (NYSE American: BGI) reported its fiscal 2025 results, showing a decline in performance. The company's net sales decreased by 4.0% to $177.8 million, with comparable store sales falling 3.4%. However, excluding third-party jewelry brand movement, comparable store sales grew 6.9%, driven by timepiece sales.
The company's gross profit declined to $66.3 million (37.3% of net sales) from $73.6 million (39.7%) in fiscal 2024. Birks Group reported an operating loss of $5.5 million and a net loss of $12.8 million ($0.66 per share), compared to a net loss of $4.6 million ($0.24 per share) in fiscal 2024. The company opened two new stores under TimeVallée and Birks brands and announced the acquisition of European Boutique's watch and jewelry business.
Birks Group (NYSE:BGI) has completed the acquisition of European Boutique's luxury watch and jewellery business for $9 million. The acquisition includes four multi-brand luxury stores, three mono-brand boutiques (OMEGA, Breitling, Montblanc), and integrated storefronts for TAG Heuer, GUCCI, and Diamonds Direct in prime Greater Toronto Area malls.
To finance the acquisition, Birks secured an additional $13.5 million term loan from SLR Credit Solutions at CORRA plus 8.07% interest, due December 2026. The company also obtained a $3.75 million loan from controlling shareholder Mangrove Holding S.A. at 15% annual interest, also due December 2026.
The deal includes European's e-commerce platform European.ca and a licensing agreement to operate the Canadian brand Diamonds Direct®.
Birks Group (NYSE: BGI) announced that NYSE American has accepted its compliance plan to maintain its listing status. The company, which was previously notified of non-compliance with listing standards under Section 1003(a)(i) and (ii) on February 25, 2025, submitted its compliance plan on March 27, 2025. NYSE American has granted BGI an extension until August 25, 2026 to regain compliance.
During this period, BGI will undergo periodic reviews, and its Class A voting shares will continue trading under the "BGI" symbol. The company's business operations, financial condition, and SEC reporting requirements remain unaffected. However, failure to regain compliance or make consistent progress during the Plan Period may result in delisting procedures.
Birks Group (NYSE: BGI) has received a notice from NYSE American on February 25, 2025, indicating non-compliance with continued listing standards. The company reported a stockholders' deficit of approximately U.S. $(6.1) million (CAD $(8.2) million) as of September 28, 2024, and has reported net losses in two of its three most recent fiscal years.
To maintain its listing, BGI must submit a compliance plan by March 27, 2025, demonstrating how it intends to meet the requirements by August 25, 2026. The requirements include maintaining stockholders' equity of at least U.S. $2.0 million (Section 1003(a)(i)) and U.S. $4.0 million (Section 1003(a)(ii)). While BGI's Class A shares continue trading under 'BGI', failure to submit an acceptable plan or achieve compliance could result in delisting proceedings.
Birks Group (NYSE American: BGI) reported positive sales results for the FY2025 Holiday Period (8-week period ended December 28th, 2024), showing a 4.0% increase in net sales compared to FY2024. The company also achieved a 1.3% growth in comparable store sales during the same period.
The sales growth was primarily driven by strong performance in the retail sector, particularly in third-party branded watches, and robust e-commerce sales. CEO Jean-Christophe Bédos noted that while the company continues to face pressure on costs and margins, they remain committed to operational improvements and excellence in customer service.
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