Birks Group Inc. is a luxury jewelry and timepiece retailer, specializing in high-quality, finely crafted products. The company operates a network of retail locations and an online platform, offering a curated selection of designer jewelry, watches, and gifts. With a focus on exceptional customer service and an extensive range of both bridal and fashion pieces, Birks Group caters to a discerning clientele seeking elegance and craftsmanship. In addition to selling renowned international brands, the company also showcases its own signature collections, emphasizing a commitment to quality and style in the luxury market. Read More
Birks Group Inc. (the “Company”) (NYSE American LLC: BGI), announced today that the NYSE American LLC (“NYSE American”) has accepted the Company’s plan of compliance for continued listing on NYSE American.
Birks Group Inc. (the “Company”) (NYSE American LLC: BGI), announced that it received notice from the NYSE American LLC (“NYSE American”) on February 25, 2025 that the Company was not in compliance with the continued listing standards set forth in Sections 1003(a)(i) and (ii) of the NYSE American Company Guide (the “Company Guide”). Section 1003(a)(i) applies if a listed company has stockholders’ equity of less than U.S. $2.0 million and has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years. Section 1003(a)(ii) applies if a listed company has stockholders’ equity of less than U.S. $4.0 million and has reported losses from continuing operations and/or net losses in three of its four most recent fiscal years. The Company reported 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 ended March 30, 2024 and three of its four most recent fiscal years ended March 30, 2024. The Company is also not currently eligible for any exemption in Section 1003(a) of the Company Guide from the stockholders’ equity requirements. As a result, the Company has become subject to the procedures and requirements of Section 1009 of the Company Guide and must submit a plan to NYSE American by March 27, 2025 addressing how the Company intends to regain compliance with Section 1003(a)(i) and (ii) of the Company Guide by August 25, 2026.
