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. reports developments in its luxury jewelry and timepiece retail business, including sales trends for Birks branded jewelry, third-party branded watches and jewelry, retail stores, and e-commerce. The company operates in Canada under banners and brand relationships that include Maison Birks, Brinkhaus, Graff, Patek Philippe, TimeVallée, and European Boutique following its completed acquisition of that watch and jewelry business.
Recurring company updates include fiscal and interim financial results, holiday-period sales, store openings and renovations, product-mix commentary, acquisition-related integration, and governance matters such as executive appointments and auditor selection.
Birks Group (NYSE American: BGI) announced the retirement of Katia Fontana as Vice President and Chief Financial Officer, effective April 1, 2026, and the appointment of Aldo Battista as Vice President and Chief Financial Officer effective April 2, 2026.
Mr. Battista will join on February 11, 2026, serve initially as Vice President, Accounting and Treasury to overlap with Ms. Fontana for a structured handover, and brings over 25 years of finance and retail experience, including 16 years at Reitmans.
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.